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Jul 14 - 09:55 PM

GBP/USD - Range Trading Dominates, But A Breakout Approaches

By Andrew M Spencer  —  Jul 14 - 07:44 PM
  • Off 0.05% after closing up 0.37% with an inside day, as the USD eased

  • PM Johnson to set out plan to 'level up' regional Britain nL8N2OQ5ME

  • Fine sentiment, but it is a task that proved too hard for many governments

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

  • 1.3733 June low and 1.3930, 38.2% of the June-July fall a viable range

  • Tight contracting 21 day Bollinger bands suggest a breakout is due

  • 1.3835 early London low then 1.3802 Asian base are initial supports

  • 1.3890 New York high and this week's 1.3911 top first resistance

  • For more click on FXBUZ

gbp jul 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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