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Sep 10 - 01:55 AM

GBP/USD - Bid With Risk Appetite, As The USD Softens

By Andrew M Spencer  —  Sep 09 - 11:51 PM

  • +0.1% as USD dipped, risk bounced on Biden and China's Xi talks nL8N2QB6GE

  • Trades at the top of a 1.3834-1.3850 range - quiet until the headlines

  • Poll - BoE to raise rates in late 2022, or possibly sooner nL8N2QB1N2

  • Charts; neutral signals at familiar levels as choppy consolidation extends

  • 21 day Bollinger bands expand, momentum studies 5, 10 & 21 DMAs conflict

  • 1.3825 200 day moving average and 1.3754 Asian low Thursday initial supports

  • 1.3862 NY high Thursday then 1.3890 September top first initial resistance

For more click on FXBUZ


gbp 2 Sep 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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