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Sep 26 - 09:55 PM

GBP/USD - Heavy, With Solid Support Above 1.3600 Back In Play

By Andrew M Spencer  —  Sep 26 - 07:51 PM

  • Steady early after closing down 0.4% with the USD broadly firmer

  • UK's Labour to target online firms to help high street shops nL8N2QS09E

  • Labour and conservatives look for ways the level the retail playing field

  • Charts; momentum studies conflict, 5, 10 & 21 DMAs fall - mixed signals

  • 21 day Bollinger bands expand - bias still lower while 1.3763 21 DMA holds

  • 1.3602 August low held last week - solid double bottom support above 1.3600

  • NY 1.3659-1.3695 range is initial support resistance

For more click on FXBUZ


gbp Sep 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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