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Oct 11 - 08:55 PM

GBP/USD - Positive Signals Build, Despite Coronavirus Confusion

By Andrew M Spencer  —  Oct 11 - 07:10 PM
  • -0.1% with USD a touch firmer - US coronavirus package elusive nL1N2H206L

  • PM Johnson to unveil new locally focused coronavirus rules nL8N2H20MD

  • Charts; momentum studies 5, 10 & 21 DMAs have begun to climb

  • Positive setup targets 1.3069-1.3079, upper 21 day Bolli and 50% Sep fall

  • Sustained 1.3080 break would target 1.3173, 61.8% of the September fall

  • Last week's 1.2845 low is initial significant and pivotal support

  • 1.3010 291M AND 1.3050 219M are the close strikes today

  • London 1.2922 low and NY 1.3050 high initial support-resistance


    For more click on FXBUZ

gbp oct 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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