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Feb 01 - 08:55 PM

GBP/USD - Resilient On Vaccine Rollout - USD Key For Next Move

By Andrew M Spencer  —  Feb 01 - 06:49 PM
  • +0.1%, after closing -0.25% with EUR/GBP -0.4% on EU vaccination issues

  • UK economy hit hardest of G7 countries by the coronavirus nL8N2K73DP

  • COVID-19 vaccine rollout is a different story, it accelerates nS8N2JO03B

  • Charts; 10 & 21 daily weekly and monthly moving averages trend higher

  • Upper 21 day Bollinger band capped trend on close, now 1.3766 resistance

  • Close below rising 1.3648 21 DMA needed to undermine primary uptrend

  • Sterling is resilient, but the next move likely USD driven

  • NY 1.3656 - 1.3726 range is initial support and resistance

    For more click on FXBUZ

gbp feb 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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