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Oct 09 - 03:55 PM

GBP/USD - Slide Pared Into NorAm Close, Resistance In Mid-1.22 Intact

By Paul Spirgel  —  Oct 09 - 01:45 PM
  • GBP$ down 0.23% at 1.2204 into NorAm close, Monday range 1.2240-1.2164

  • Early NorAm rise to 1.2220 fades into NorAm close as Mid-East angst rises

  • Liquidity in NorAm light amid U.S. bank holiday, bond mkt closure

  • Rates outlook in US-UK now symmetrical may anchor GBP$ near current lvls

  • GBP$ supt at 10DMA 1.2163, Oct 5-6 lows ahead of 1.21, lwr 21-d Bolli 1.1998

  • Res 1.2220 Mon NorAm high, 1.2262 Friday high, 21-DMA 1.2276

Source:
Refinitiv IFR Research/Market Commentary

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