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Jul 12 - 08:55 PM

GBP/USD - Mixed Signals, As The Dollar Supports - 1.3930 Key

By Andrew M Spencer  —  Jul 12 - 07:30 PM

  • Steady after closing -0.2% - USD firmed on spreading Delta variant fears

  • UK retailers report record Q2 growth as shops reopen nS8N2NS0E8

  • PM Johnson goes ahead with lifting England's COVID curbs nL1N2OO0NP

  • Charts; positive momentum studies, 5, 10 & 21 daily moving averages conflict

  • 21 day Bollinger bands contract - neutral setup suggests consolidation

  • Close above 1.3930, 38.2% of the June-July fall would be a bullish signal

  • Monday's 1.3911 high then 1.3930 38.2% Fibo are initial resistance

  • 1.3839 NY low and 1.3834 10 daily moving average first supports

For more click on FXBUZ


gbp jul 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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