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Refinitiv
Jan 15 - 02:36 AM
GBP/USD - Treads Water Into Inflation Data, Bias Is Lower
First appeared on eFXplus on Jan 14 - 10:05 PM
  • Little changed in a very tight 1.3015-1.3023 range with only light interest

  • Investment in UK's tech sector jumped 44% in 2019, London led nL8N29J5JO

  • Techs - daily charts are negative, though at low end of recent ranges

  • Momentum studies, 5, 10 & 21 DMAs head lower and 21 day Bolli bands slip

  • 1.2900, December low then 1.2887 lower 21 day Bolli band are major support

  • Close above 1.3074, 38.2% of the 2020 fall would end downside bias

  • 1.3000 701M strikes and NY 1.3034 high are initial support-resistance

  • Inflation data will be key for BoE expectations in London




ukd jan 15 Click here

gbp2 jan 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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