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Sep 08 - 01:55 AM

GBP/USD - Mixed Signals, As The Dollar Currently Leads

By Andrew M Spencer  —  Sep 07 - 11:43 PM

  • Little changed in a 1.3776-1.3789 range with occasional decent interest

  • Modest moves in commodities, currencies, yields and stocks today in Asia

  • Unusual price action, it is typically busy after U.S. Labor day long weekend

  • Treasury yields likely key for the USD, which currently drives cable

  • Charts; Tuesday's dip turned the positive daily signals back to neutral

  • 21 day Bollinger bands contract, momentum studies 5, 10 & 21 DMAs conflict

  • Tuesday's 1.3768 London low and 1.3746, 50% of the Aug-Sep bounce support

  • 1.3820, 5 and 200 DMAs then Tuesday's 1.3850 early London high resistance

For more click on FXBUZ


gbp 2 Sep 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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