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Aug 17 - 01:55 AM

GBP/USD - Offered As USD Weighs, While Risk Appetite Sours

By Andrew M Spencer  —  Aug 16 - 11:54 PM

  • Trades at the base of a 1.3815-1.3845 range busy in the morning, then quiet

  • Afghanistan situation nL1N2PN1Y6 and Delta variant cap risk in Asia

  • UK jobs data leads event risk in early London, se chart for polls

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

  • Neutral setup, but downside bias survives while 1.3880 Aug trend line caps

  • Initial target is 1.3778/1.3783, 50% of the July bounce and 200 DMA

  • 1.3790 August low and earlier 1.3845 high are initial support resistance

For more click on FXBUZ


ukd aug 17 Click here

gbp 2 aug 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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