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Oct 06 - 11:55 PM

GBP/USD - Bid On Bargain Hunting - All Eyes On The USD

By Andrew M Spencer  —  Oct 06 - 10:50 PM
  • +0.1% at the top of a 1.2869-1.2887 range with plenty of interest

  • UK COVID loan scheme could lose 26 bln pounds from fraud - nL8N2GT1SS

  • UK banking industry sounds alarm on Johnson's housing plan - FT nL4N2GY033

  • Charts; momentum studies 5, 10 & 21 DMAs conflict - neutral setup

  • 1.3008 mid September range high capped and becomes major resistance

  • 1.2863/1.2865 21 and 10 DMAs, then 1.2841, 50% Sep-Oct rise support

  • Tue's bearish outside needs a close below the 1.2864 NY low to validate

    For more click on FXBUZ

GBP2 oct 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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