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Dec 04 - 11:55 PM

GBP/USD - Sterling Steady Into PM's 'Plan For Change'

By Andrew M Spencer  —  Dec 04 - 09:55 PM
  • Off 0.03% in a 1.2696-1.2705 range with occasional solid FX Matching flow

  • Under pressure, UK's Starmer sets out plans to deliver on election pledges

  • Construction PMI leads UK data - MPC Member Greene Speaks - FT conference

  • Techs - daily momentum studies climb, 21-day Bollinger bands contract

  • 5, 10 & 21-day moving averages coil - neutral daily setup, bearish weeklies

  • This week's 1.2619 low, then the 1.2475 November trend low initial supports

  • Last week's 1.2750 high then 1.2841, 0.382% Sep/Nov fall first resistance

  • A close above 1.2841 needed to end the September/November downtrend

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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