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Aug 21 - 01:55 AM

GBP/USD - Resilient 1.3280 Level In Play, As USD Slips

By Andrew M Spencer  —  Aug 20 - 11:40 PM
  • +0.1% with the USD a touch softer, risk on, as Asia followed Wall Street

  • Traded in a tight 1.3216-1.3233 range - with flow early then quiet

  • Britons more upbeat on finances but worried about economy, GfK nL8N2FM2YN

  • Techs; daily and weekly 5, 10 & 21 MAs climb, neutral momentum studies

  • Positive setup targets resilient 1.3275-1.3284 upper 21 day Bolli & 2020 top

  • Close below rising 1.3069 21 DMA, a base in London, would end topside bias

  • 1.3080 NY low and this week's 1.3276 high are initial support-resistance

For more click on FXBUZ


gbp2 aug 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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