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Sep 07 - 01:55 AM

GBP/USD - Bid, As The Positive Setup Targets A 1.3900 Break

By Andrew M Spencer  —  Sep 06 - 11:44 PM

  • +0.1%, near top of a busy 1.3837-1.3855 range with the USD slightly softer

  • UK launches GBP 270 mln fund to support green heating nL4N2Q831X

  • Charts; 21 day Bollinger bands flat line, 5, 10 & 21 DMAs base or rise

  • Neutral signals have finally turned positive with 1.3819 200 DMA supporting

  • Next stop 1.3893, 76.4% Jul-Aug fall, then 1.3917 upper 21 day Bolli band

  • 1.3837 Asian low and Monday's 1.3863 Asian high first support and resistance

  • Close below 1.3777 21 day moving average needed to end topside bias

  • With key levels broken, sterling has room to climb nL1N2Q900V

For more click on FXBUZ


gbp 3 Sep 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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