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Nov 13 - 11:55 PM

GBP/USD - Softer, As Optimism On U.S. Inflation Fight Cools

By Andrew M Spencer  —  Nov 13 - 10:10 PM

  • -0.35% in a busy 1.1767-1.1820 range - soft USD led, E-mini S&P -0.3%

  • Fed's Waller flagged caution on market inflation optimism nL1N32A01I

  • UK house prices fall as buyers cautious ahead of mini-budget nL8N3272SH

  • Wages rising, but not as fast as inflation - strong job market nL8N3275E9

  • Charts, momentum studies, 5, 10 & 21 day moving averages head higher

  • 21 day Bollinger bands climb - a strong positive technical setup

  • Signals target a test of 1.2038, 50% 2022 fall then 1.2291 August high

  • Early 1.1767 Asian low then 1.1709 NY base are initial supports

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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