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Jan 13 - 08:55 PM

GBP/USD - Key Resistance Remains Resilient, As The USD Leads

By Andrew M Spencer  —  Jan 13 - 06:31 PM
  • Flat after closing -0.25%, as broad unwinding of short USD positions resumed

  • UK target 24/7 COVID vaccine rollout nL1N2JO236 virus expands nL9N2DM01H

  • Techs, key resistance at 1.3700 once again capped on the close on Wednesday

  • Daily momentum studies are neutral, 5, 10 & 21 daily moving averages rise

  • A modest positive setup, which is not unusual at the top of a range

  • 1.3703 upper 21 day Bolli band is a good indicator of an overbought market

  • 2021 high also at 1.3703 to remain resilient, unless the USD slides

  • NY 1.3615 low then Tuesday's 1.3509 base are initial supports


    For more click on FXBUZ

gbp jan 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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