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Oct 14 - 09:55 PM

GBP/USD - Touch Firmer As A Move To 1.3767 Beckons

By Andrew M Spencer  —  Oct 14 - 07:53 PM

  • Touch firmer after closing +0.05%, after retreating in New York

  • UK says billions already raised for "green revolution" nL8N2RA513

  • Intent is fine, but quality of investment and delivery is key

  • Charts; 5, 10 & 21 day moving averages conflict, 21 day Bolli's contract

  • Momentum studies edge higher - mixed signals favour range trading

  • Rejection lower 21 day Bolli in September then closed above 1.3623 21 DMA

  • Setup targets 1.3767 falling upper 21 day band as seen in July & August

  • Thursday's Asian 1.3659 low and London 1.3734 high first support resistance

For more click on FXBUZ


gbp Oct 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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