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Oct 01 - 01:55 AM

GBP/USD - Key Resistance Broken - 1.2700-1.3000 Range Viable

By Andrew M Spencer  —  Sep 30 - 11:45 PM
  • Up 0.1% at the stop of a 1.2915-1.2941 range with only modest interest

  • Study shows Covid-19 R rate is slowing in England - good news nL8N2GR7FV

  • Techs; 10 & 21 DMAs ease, 21 day Bolli's contract, momentum studies base

  • Neutral setup - 1.2719 200 DMA, remains the major well tested support level

  • 1.2984 38.2% Sep fall then 1.3008 mid September range top next resistance

  • 1.2915 21 DMA broken - suggests a period of 1.2719-1.3008 consolidation

  • 1.2896 NY afternoon low and 1.2945 NY high initial support-resistance

For more click on FXBUZ


gbp 2 oct 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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