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Sep 16 - 01:55 AM

GBP/USD - Range Bound Short Term - USD Is The Wild Card

By Andrew M Spencer  —  Sep 15 - 11:43 PM

  • Steady in a tight 1.3840-1.3852 range with only occasional interest

  • PM Johnson: Australia a natural partner for new security pact nS8N2OU018

  • Submarine deal very lucrative for the companies involved nL1N2QH2X7

  • Charts; momentum studies conflict, 5, 10 & 21 DMAs climb- net positive setup

  • Tested 1.3900 Tuesday and retreated hard - suggests major 1.3910 resistance

  • 1.3794, 38.2% of August-September rise and 1.3776 21 DMA are initial support

  • 1.3909 upper 21 day Bollinger band Tuesday's 1.3913 high first resistance

  • Light upcoming UK data - 1.3794-1.3913 range likely holds into next week

For more click on FXBUZ


gbp 2 Sep 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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