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Mar 11 - 08:55 PM

GBP/USD - Key Resistance Breaks, As Topside Momentum Builds

By Andrew M Spencer  —  Mar 11 - 06:54 PM
  • Touch softer after closing up 0.4% amid broad USD risk on weakness

  • U.S. Congressman- UK Northern Ireland move could hit trade deal nL8N2L9658

  • UK delays post-Brexit import checks, needs more time to prepare nL8N2L955I

  • UK's preparation for life post Brexit has been very underwhelming so far

  • Charts; momentum studies, 5, 10 & 21 DMAs base or rise - positive setup

  • Close above 1.3950 rising 21 daily moving average is a bullish signal

  • 1.4010, 50% Feb-Mar fall first resistance- close above bullish for next week

  • 1.3939 NY low is initial support - USD is leading cable at present

For more click on FXBUZ


data mar 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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