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Nov 19 - 01:55 AM

GBP/USD - Softer As The USD Firms - 1.3462-65 Initial Support

By Andrew M Spencer  —  Nov 18 - 10:18 PM

  • -0.1% at the base of a 1.3484-1.3500 range with flow and a firmer USD

  • UK consumers turn more confident despite inflation worries nL8N2S93RR

  • Supply chain issues mean many are buying Christmas presents early

  • Charts - 5, 10 & 21 daily moving averages conflict, 21 day Bolli bands fall

  • Neutral setup - close above 1.3463 10 DMA suggests a period of consolidation

  • Primary downtrend valid while 1.3575 21 DMA holds - break would be bullish

  • 1.3462-65, NY low, 10 and 5 day moving averages are initial support

For more click on FXBUZ


gbp 2 Nov 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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