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Aug 29 - 09:55 PM

GBP/USD - Key Resistance Caps, But The Dollar Leads

By Andrew M Spencer  —  Aug 29 - 08:03 PM

  • Steady early after closing up 0.45%, led by the softer USD on cautious Fed

  • PM Johnson defends Kabul airlift after blame game begins nL1N2Q0088

  • UK rejects new visas to ease post-Brexit truck driver shortage nL1N2PZ0AF

  • UK government again maintains an ideological approach to post-Brexit issues

  • Charts; 21 day Bollinger bands, 10 & 21 daily moving averages head south

  • Daily momentum studies flat line - mixed signals, but a net bearish setup

  • Fall targets a test of 1.3602 August low, then 1.3572 July trend base

  • 1.3792/1.3805 break, 50% July-August fall, 21 & 200 DMAs ends downside bias

    For more click on FXBUZ


gbp aug 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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