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Oct 20 - 11:55 PM

GBP/USD - Firmer - USD Led On U.S. Aid Package Sentiment

By Andrew M Spencer  —  Oct 20 - 10:55 PM
  • +0.1%, USD led on U.S. aid package optimism - E-mini S&P +0.5% nL1N2HB0H1

  • Cable trades towards the top of a low key 1.2952-1.2970 range

  • Johnson's 3-year UK spending master plan set to be ditched - FT nL4N2HB4A4

  • Brexit end game, coronavirus, US election - big move is coming nL1N2HB2HC

  • Charts; momentum studies, 5, 10 & 21 DMAs conflict, which is a neutral setup

  • Close below 1.2909 21 DMA would be bearish - targets a 1.2709 200 DMA test

  • 1.3079/87 major resistance, 50% Sep fall, October top and upper 21 day Bolli

  • Earlier 1.2952 low and London 1.2979 top are initial support-resistance

For more click on FXBUZ


gbp 2 oct 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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