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Aug 11 - 01:55 AM

GBP/USD - U.S. CPI Key For Next Move - 1.3769 200 DMA Beckons

By Andrew M Spencer  —  Aug 10 - 11:41 PM

  • -0.05% in a 1.3819-1.3838 range, with plenty of interest in the morning

  • USD led recent cable move lower - U.S. CPI key for UST yields and USD

  • Charts; mixed momentum studies, 5 & 10 daily moving averages edge lower

  • Bearish cross of the 5 and 10 daily moving averages - net negative setup

  • Next significant support comes in at the 1.3769 200 daily moving average

  • Asian 1.3819 low and Tuesday's NY 1.3867 high support and resistance

For more click on FXBUZ


gbp 2 aug 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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