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Sep 18 - 09:55 PM

GBP/USD - Good News In Short Supply, Charts Trend South

By Andrew M Spencer  —  Sep 18 - 07:40 PM

  • +0.05% after closing down 0.45%, capped by weak UK retail sales nL8N30N0UN

  • UK holiday - U.S. dollar and risk appetite to lead sterling intraday

  • UK, Irish PMs agree opportunity remains for a Brexit resolution nL9N2U001D

  • A Brexit N. Ireland compromise would be a strong positive for sterling

  • Techs: daily momentum studies slip, 21 day Bollinger bands head lower

  • 5, 10 & 21 day moving averages track south - negative trending setup

  • Signals suggest a test of the key psychological support around 1.1000

  • Close above 1.1604 falling 21 day moving average would be a bullish signal

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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