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Feb 25 - 11:55 PM

GBP/USD - Softer With Risk - Good News On Inflation

By Andrew M Spencer  —  Feb 25 - 10:15 PM
  • Off 0.1% with risk, soft UST yields at the base of a 1.2659-1.2673 range

  • UK job vacancies fall 15% year-on-year in January, Adzuna data shows

  • Good news for the BoE - data suggests cooling pressure for higher wages

  • Charts; 5, 10 & 21-DMA's conflict as the 21-day Bollinger bands contract

  • Horizontal daily momentum studies - the setup shows no significant bias

  • London's 1.2649 low then Thursday's 1.2612 base are initial supports

  • Last week's 1.2710 high, then 1.2731 upper 21-day Bolli are first resistance

  • Thursday's close above 1.2634 21-DMA targets 1.2731 upper 21-day Bolli band

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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