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Feb 19 - 01:55 AM

GBP/USD - Trends Higher Into A Raft Of UK Data

By Andrew M Spencer  —  Feb 18 - 09:58 PM
  • -0.1% with the USD a touch firmer, at base of an active 1.3959/1.3974 range

  • UK consumers most confident since pandemic struck - GfK nL8N2KO5VN

  • Sentiment rebounds on fast vaccine rollout after the poor COVID-19 response

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages climb

  • Trending setup targets a test of 1.4000, psychological and option magnet

  • 1.4000 break would initially target 1.4037 trend channel top from December

  • Close below 1.3774 rising 21 DMA needed to undermine the topside bias

  • Raft of UK data key for the first move in London, see chart for polls

    For more click on FXBUZ

ukd feb 19 Click here

gbp 2 feb 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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