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Aug 27 - 11:55 PM

GBP/USD - Bid With Risk And JPY Crosses - Positive Setup

By Andrew M Spencer  —  Aug 27 - 11:25 PM
  • +0.3%, with JPY crosses broadly higher with risk appetite - GBP/JPY +0.6%

  • Fed's Powell well received, UST bounce underpins USD/JPY & JPY crosses

  • Nikkei +0.4%, AsiaxJP +0.4%, E-mini S&P +0.6%, 30yr UST +5bp to 1.560%

  • UK business confidence off the lows, but job cuts loom - Lloyds nL8N2FT3G8

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

  • Upper 21 day Bolli capped last week and on close yesterday - today at 1.3245

  • 21 day Bollinger bands are tight, but expanding with - topside bias

  • Asian 1.3190 low and 1.3285 NY high is initial support-resistance

For more click on FXBUZ


gbp 2 aug 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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