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Oct 22 - 01:55 AM

GBP/USD - 1.3830 Resistance Vulnerable As Inflation Fears Grow

By Andrew M Spencer  —  Oct 21 - 11:44 PM

  • Steady in the middle of a 1.3783-1.3810 range - busy once Asia in full swing

  • UK PM ready to compromise on EU court for N Ireland - The Times nL4N2RH517

  • If true this would be a real breakthrough in solving post Brexit dispute

  • UK public's inflation expectations rocket to record high: GfK nL8N2RH5JB

  • Charts; 5, 10 & 21 day moving averages climb, 21 day Bollinger bands expand

  • Net positive daily momentum studies - bullish trending setup continues

  • 1.3831, 50% of 2021 fall is resilient, but 1.3913 September high beckons

  • Close below 1.3719 rising 10 DMA needed to undermine the topside bias

For more click on FXBUZ


gbp 2 Oct 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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