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Jan 11 - 11:55 PM

GBP/USD - Risk Appetite Supports Ahead Of Key UK Data

By Andrew M Spencer  —  Jan 11 - 10:10 PM
  • +0.15% towards the top of an active 1.2755/1.2785 range in Asia

  • GBP supported by firm risk appetite in Asia - higher stocks and commodities

  • UK GDP leads a swathe of data due in early London - see chart for polls

  • Charts; horizontal momentum studies, 21-day Bollinger bands expand

  • 5, 10, and 21-day moving averages base/rise with the range top in sight

  • Well-tested December/January range base around 1.2610 is key support

  • The likely resilient 1.2825 December high is a potential range top

  • Asia's 1.2755 low and 1.2788 New York range high initial support, resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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