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Sep 28 - 09:55 PM

GBP/USD - USD Leads, Bias Still Lower As Brexit Again Leads

By Andrew M Spencer  —  Sep 28 - 07:35 PM
  • +0.1% - closed +0.7% on softer USD, Brexit optimism and BoE nL8N2GP284

  • Upbeat Brexit rhetoric, but intransigent on key positions nL8N2GP3HI

  • UK car sector - scheme to back struggling COVID hit suppliers nL8N2GP41Z

  • Techs; 10 & 21 DMAs, 21 day Bollinger bands slide - neutral momentum studies

  • 1.2956 falling 21 DMA is pivotal resistance for the downside correction

  • 1.2720 200 DMA, provided a base by acted as a magnet last week

  • Sustained break will open the door to 1.2542, 76.4% of the Jun-Sep rise

    For more click on FXBUZ



gbp sep 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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