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Dec 12 - 10:55 PM

GBP/USD - Softer On Omicron Growth, As BoE Hike Fears Fade

By Andrew M Spencer  —  Dec 12 - 10:11 PM

  • -0.15% in a 1.3234-1.3260 range with only occasional interest

  • Opened lower on UK's PM warns of Omicron 'tidal wave' nL8N2SX0NH

  • COVID alert level raised from 3 to 4 nL9N2QP012 - vote on 'Plan B' Tuesday

  • BOEWATCH closed with no rate change Thursday at 75.5% - likely higher today

  • Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands head lower

  • Bearish setup targets a break of 1.3166, 38.2% of the 2020-2021 rise

  • Close above 1.3328 falling 21 day moving average needed to end downtrend

  • Earlier 1.3234 Asian low and 1.3276 NY high are initial support, resistance

For more click on FXBUZ


gbp 2 dec 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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