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Sep 09 - 08:55 PM

GBP/USD - Support Resilient, But Downside Remains Vulnerable

By Andrew M Spencer  —  Sep 09 - 07:45 PM
  • Touch firmer after closing up 0.15% against a broadly softer USD

  • No deal Brexit fears continue to weigh - no fresh recent news

  • UK house prices jump as buyers seek gardens after lockdown nL9N24P009

  • Two UK companies to launch rapid saliva-based COVID-19 tests FT nL4N2G63RH

  • Techs; 5, 10 and 21 DMA crest-fall, 21 day Bolli bands expand- bearish setup

  • Close above 1.3177 21 DMA would be needed to end the downside bias

  • 1.2931 falling lower 21 day Bolli support, resilient on close Wednesday

  • 1.3022 NY high then 1.3113, 38.2% of the September fall initial resistance


  • For more click on FXBUZ

gbp sep 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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