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Nov 24 - 09:55 PM

GBP/USD - August High Beckons As The Safe Haven USD Slips

By Andrew M Spencer  —  Nov 24 - 07:15 PM

  • Steady after closing up 0.5% with risk appetite and the softer U.S. dollar

  • BoE's Ramsden favours a "watchful and responsive" rate policy nL8N32K2MZ

  • BOEWATCH prices a 50pt Dec 15 hike to 3.5% at 98.55 - almost a certainty

  • Techs, daily momentum studies rise, 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands expand - which is a strong positive setup

  • Next significant resistance is the 1.2291 well tested August high

  • 1.1927 10 DMA is initial significant support, then 1.1701 21 DMA

  • 1.2060-1.2153 London range is initial support, resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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