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Nov 29 - 11:55 PM

GBP/USD - Key Support Holds - Food Prices Surge

By Andrew M Spencer  —  Nov 29 - 10:20 PM

  • +0.15%, as =USD slips 0.15%, with risk resilient in Asia, E-mini S&P +0.1%

  • Trades towards the top of a 1.1942-1.1988 range with moderate D3 flow

  • UK fresh food prices climb record 14.3% in November – BRC nL8N32P45K

  • Cost of living crisis suggests nurses strike the first of many nL8N32P4HW

  • Techs; daily momentum studies conflict, 5, 10 & 21 DMAs crest or climb

  • 21 day Bollinger bands rise - uptrend stalled, but remains a positive setup

  • Under pressure 1.1955 10 DMA major support, break targets 1.1762 key 21 DMA

  • Sterling's honeymoon period may be short-lived nL1N32Q009

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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