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Nov 17 - 08:55 PM

GBP/USD - Resilient As Inflation Fears Stall Downtrend

By Andrew M Spencer  —  Nov 17 - 08:11 PM

  • Touch softer after a bullish outside day as UK inflation surged nL8N2S81GT

  • Study suggests Delta subvariant less likely to cause symptoms nL8N2S85U7

  • Delta news is a big positive for the UK economy as the long winter sets in

  • Charts - 5, 10 & 21 daily moving averages conflict, 21 day Bolli bands fall

  • Close above 1.3461 10 DMA suggests a period of consolidation

  • 1.3589 21 DMA is the pivotal resistance - sustained break would be bullish

  • NY 1.3452 low then London 1.3417 base are initial support

    For more click on FXBUZ


gbp Nov 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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