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Aug 08 - 09:55 PM

GBP/USD - Soft, As The Dollar Firms And Commodities Fall

By Andrew M Spencer  —  Aug 08 - 08:07 PM

  • -0.1% with the USD firmer, as gold trades -2.5% and oil off 1.6%

  • Friday's strong U.S. jobs data fuels Fed taper fears nL1N2PD23A

  • Johnson won't isolate after staff member's positive COVID test nL8N2PE0B2

  • PM's refusal to isolate continues the sequence of mixed COVID-19 messages

  • Charts; 5, 10 & 21 daily moving averages plus momentum studies conflict

  • Neutral setup but bias remains higher while 1.3834 21 DMA holds

  • 1.3991 61.8% June-July fall and 1.4005 upper 21 day Bolli pivotal resistance

  • 1.3833 21 DMA and 1.3882 late NY hourly high initial support resistance

For more click on FXBUZ


gbp aug 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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