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Jan 10 - 11:55 PM

GBP/USD - N. Ireland Talks - USD On Hold Into U.S. CPI Thursday

By Andrew M Spencer  —  Jan 10 - 10:20 PM

  • Steady at the base of a tight and very quiet 1.2146-1.2162 range on D3

  • UK ministers meet Northern Irish leaders on post-Brexit trade nL8N33V3MM

  • Hopes of some progress, but DUP and right wing conservatives intransigent

  • Charts; daily momentum studies conflict, 21 day Bollinger bands contract

  • No tier one UK data - risk appetite, USD likely lead into U.S. CPI Thursday

  • Charts; momentum studies conflict, 21 day Bollinger bands contract

  • 5, 10 & 21 day moving averages coil - neutral setup suggests consolidation

  • Monday's close above 1.2099 21 day moving average was a positive signal

  • Targets 1.2302 upper 21 day Bolli band - NY 1.2110 low is initial support

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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