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Feb 14 - 12:12 AM

GBP/USD - Strong, As PM Centralizes Power, But USD Uptrend Caps

By Andrew M Spencer  —  Feb 13 - 10:15 PM
  • Touch firmer in a tight 1.3037/1.3050 range with occasional interest

  • Johnson's reshuffle centralizes power, Sunak ready to spend nL8N2AD6O9

  • PM to remain in the UK working on strategy implementation nL8N2ADAPJ

  • Bid on Sunak news, but as the dust settles, the rising USD should cap

  • Yesterday's close above 1.3026 21 DMA ends the downside bias

  • Charts, momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • 1.2876-1.3176 21 day Bolli bands flat line, likely define a broad range

  • NY 1.3014-1.3069 range after the Sunak announcement, support-resistance

gbp2 feb 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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