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Feb 17 - 11:55 PM

GBP/USD - Lower Into Jobs Data - Charts Remain Positive

By Andrew Spencer  —  Feb 17 - 09:54 PM

• Off 0.15% in a busy 1.2600-1.2627 range on FX Matching with the USD +0.15%

• Starmer - U.S. must provide a security guarantee for Ukraine to deter Russia

• US Energy Secretary attacks 'sinister' net zero goals, singling out Britain

• UK employment data leads event-risk - BoE Gov Bailey speaks in Brussels

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Positive daily momentum studies - bullish daily signals underpin sterling

• Friday's 1.2550 low then Thursday's 1.2442 base are initial support

• Yesterday's 1.2635 high and the 1.2788 200-DMA are first resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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