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Jan 28 - 08:36 PM

GBP/USD - 1.3000 Remains Resilient, BOE Cut An Even Money Bet

By Andrew M Spencer  —  Jan 28 - 06:35 PM
  • Flat, closed down 0.2%, as EU trade talk fears & BoE uncertainty weighed

  • Eikon BOEWATCH prices a BOE cut Thursday at 49.35%, from 59% Tuesday

  • Even money bet suggests that GBP will be volatile around the decision

  • Buyers once again emerged below the resilient psychological 1.3000 level

  • Charts, net negative momentum studies, 5, 10 & 21 DMAs coil-conflict

  • Neutral setup - 1.2954-1.3200 21 day Bolli bands define broad range

  • NY 1.2976 low and yesterday's 1.3066 Asian high initial support-resistance

gbp jan 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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