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Dec 26 - 09:55 PM

GBP/USD - Opens Higher But Losing Traction As US Yield Rise

By Ewen Chew  —  Dec 26 - 07:48 PM
  • GBP/USD opens higher Mon at 1.3405, then fades to 1.3398

  • Still above Fri close, but upside barricades deter longs

  • 50 DMA resistance at 1.3442, Ichimoku Cloud at 1.3526

  • US Treasury yields firm up again; 2y rises to 0.693%

  • Expectations of faster US inflation should prop up USD

  • GBP/USD may fall out of Bollinger uptrend channel 1.3341

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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