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Mar 22 - 08:55 PM

GBP/USD - Signals Begin To Edge Lower - Range Remains Solid

By Andrew M Spencer  —  Mar 22 - 07:26 PM
  • Flat - closed +0.05% with the USD a touch softer, as stocks bounced

  • Rising UK inflation to put focus on BoE policy splits nL8N2LH5C7

  • BoE officials divided on response to upcoming growth, inflation jobs data

  • Charts; momentum studies, 5, 10 & 21 DMAs slip - modest negative bias

  • 1.3779 March low and 1.3775 lower 21 day Bollinger band major support

  • Close below 1.3775 would initially target 1.3752, 61.8% 2021 rise

  • 1.4010, 50% February-March fall March range top remains key resistance

  • 1.3780-1.4010 range survived Fed and BoE last week - trend remains elusive

For more click on FXBUZ


gbp mar 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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