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Oct 11 - 11:55 PM

GBP/USD - Coronavirus And Brexit Lead, As Charts Point Higher

By Andrew M Spencer  —  Oct 11 - 11:10 PM
  • Off 0.15% in a busy 1.3015-1.3035 range with the USD a touch firmer

  • Hospitality industry - legal challenge to lockdown restrictions nL4N2H20SJ

  • Liverpool leaders - city into lockdown after talks with gov't nL8N2H300K

  • Charts; momentum studies 5, 10 & 21 daily moving averages all head higher

  • Positive setup targets 1.3069-1.3079, upper 21 day Bolli and 50% Sep fall

  • Sustained 1.3080 break opens the door to 1.3173, 61.8% of the September fall

  • Last week's 1.2845 low is initial significant and pivotal support

  • Amid the swirling uncertainty cable shows positive signals nL1N2H300D

For more click on FXBUZ


gbp 3 oct 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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