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Dec 23 - 11:55 AM

GBP/USD - Leads Majors Higher On Upbeat Omicron, Rate Outlook

By Paul Spirgel  —  Dec 23 - 09:37 AM
  • GBP/USD adds to Wed's gain, +0.35% at 1.3398; Thurs range 1.3436-1.3342

  • Pair hits 1-momth high on reduced Omicron fears, rising UK rate view

  • UK reduces self-isolation period from 10-days nL1N2T70CU

  • Rally stalls abv 10-WMA at 1.3426, close above eyes cluster of res by 1.35

  • Bulls eye 55DMA at 1.3471, key Fib 1.3498, 50% of 1.3834-1.3162 Oct-Dec dip

  • Support at 1.3396 the 10-HMA, 1.3342 Thurs low, 1.3304 daily Tenkan Line

GBP Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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