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Jul 09 - 01:55 AM

GBP/USD - Soft With Risk, As The USD Firms - 1.3670 Beckons

By Andrew M Spencer  —  Jul 08 - 11:46 PM

  • -0.1% in a 1.3768-1.3795 range - plenty of flow once Asia fully opened

  • Delta variant surge fears as England celebrates Euro 2020 nL5N2OK2UP

  • Charts; momentum studies ease, 5, 10 & 21 daily moving averages slip

  • 21-day Bollinger bands contract - June/July downtrend remains in play

  • Targets a test of the 1.3733 July base then 1.3669 March/April double bottom

  • 1.3895 21 day moving average and 1.3898 July high is pivotal resistance

  • NY 1.3742-1.3797 range is initial support and resistance

    For more click on FXBUZ


gbp jul 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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