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Mar 03 - 11:55 PM

GBP/USD - Rising Key Support Close, As Dust Settles On Budget

By Andrew M Spencer  —  Mar 03 - 10:04 PM
  • -0.1% with the USD a touch firmer in middle of a slow 1.3920-1.3955 range

  • Amazon's first cashierless store arrives in Britain nL2N2L13RG

  • English COVID-19 prevalence rate declining at a slower pace nL5N2L16U8

  • Potential clouds on the horizon for UK economy and sterling nL2N2L13SN

  • Charts; 1.3860-1.4021 consolidation for a week - neutral 5, 10 & 21 DMAs

  • Close below rising 21 DMA - 1.3912 today would be a negative signal

  • Bias is higher while 21 DMA holds - support on the close in 2021

  • 1.3823, 61.8% of the February rise is pivotal support

For more click on FXBUZ


gbp mar 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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