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Jan 18 - 11:55 PM

GBP/USD - Bid With Risk, As The US Slips - Range Dominates

By Andrew M Spencer  —  Jan 18 - 10:04 PM
  • +0.2% - USD led with risk resilient in Asia - E-mini S&P +0.55%

  • Trades at the top of a 1.3581-1.3614 range with plenty of interest

  • UK firms call for immediate $10.3 billion in COVID aid nL8N2JT3IN

  • Techs; key resistance at 1.3712/19 - Jan high and upper 21 day Bolli band

  • Daily momentum studies flat line, 5, 10 & 21 daily moving averages conflict

  • Neutral setup in the middle of the January range - breakout likely USD led

  • Break of 1.3451 2021 base would initially target 1.3384, 38.2% Nov-Jan rise

  • London 1.3522 low and 1.3622 5 day moving average initial support-resistance

For more click on FXBUZ


gbp 2 jan 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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