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Mar 01 - 11:55 AM

GBP/USD - 1.39 Plays Support Foil To 1.40 Resistance

By Rob Howard  —  Mar 01 - 09:39 AM
  • Bids ahead of 1.3900 based cable after it broke below 1.3928 (Ldn am low)

  • 1.3962 = subsequent rally high. 1.3997 was Ldn am high nL2N2KZ0ZX

  • Support points below 1.39 include 1.3890 (Friday's low) and 1.3873 (21DMA)

  • Friday's low was nearly three cents below Thursday's high nL2N2KZ0KB

  • BoE moves on negative rates are contingency planning - Ramsden nL9N2JS01G

  • Senate Democrats drop minimum wage plan for COVID relief bill nL2N2KZ10A

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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