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Sep 21 - 09:55 PM

GBP/USD - Bearish Charts Into Key FOMC And BoE Decisions

By Andrew M Spencer  —  Sep 21 - 08:07 PM

  • Steady after closing little changed, ahead the FOMC and BoE rate decisions

  • UK strikes deal for CO2 producer CF to restart operations nL8N2QN3TP

  • Short term measure should help food supply chain issues as winter approaches

  • Charts; momentum studies slip, 5, 10 & 21 day moving averages slide

  • 21 day Bollinger bands expand- strong bearish setup while 1.3773 21 DMA caps

  • Signals target a test of the 1.3602 August low and 1.3572 July base

  • 1.3649 falling lower 21 day Bolli suggests selling strength not breaks here

  • NY 1.3641 low and London 1.3692 high is initial support and resistance

For more click on FXBUZ


gbp Sep 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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