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Feb 21 - 02:36 AM

GBP/USD - Disorderly EU Exit Unlikely, But Chances Rising

By Andrew M Spencer  —  Feb 20 - 10:25 PM
  • +0.1% in a 2.2880-1.2895 range, with light flow, focus on Asian currencies

  • POLL - goods trade deal likely, 'hard' EU exit at 25% from 20% nL8N2AJ3ET

  • Flash UK PMI's for February significant event risk, see chart for poll

  • Lower 21 day Bolli a base yesterday - comes in as 1.2840 support today

  • Charts - momentum studies, 21 day Bolli bands, 10 & 21 DMAs edge lower

  • Bearish setup targets support at 1.2822, the range base in late November

  • 1.2849 NY low and 1.2925 London post data bounce, support-resistance

ukd feb 21 Click here

gbp 3 feb 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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