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Dec 06 - 01:55 PM

GBP/USD - Shorts Retain The Upper Hand As Good Signs Are In Place

By Christopher Romano  —  Dec 06 - 12:26 PM
  • GBP/USD in a consolidation phase & holds below the falling 10-DMA

  • Monthly RSI implies longer-term downward momentum still remains

  • Daily RSI unwinding oversold condition during consolidation

  • Tech signals imply downside risks remain ahead of key US data

  • Nov. CPI due, an above estimate result could underpin the dollar

  • Investors may expect a more hawkish Fed on hot running inflation

  • GBP/USD down trend likely resumes, key 1.3135/70 zone then vulnerable

  • For more click on FXBUZ


gbpusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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