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Mar 09 - 08:55 AM

GBP/USD - Eyes 200DMA After Rise From Wednesday's 15-Week Low

By Rob Howard  —  Mar 09 - 06:40 AM
  • Cable threatens 1.1904 (200DMA) after pushing recovery envelope from 1.1805

  • 1.1805 was Wednesday's 15-week low (following U.S. JOLTS data beat)

  • Rise from 1.1805 aided by Powell keeping door to 25 bps hike slightly ajar

  • U.S. jobless claims due 1330 GMT; 195k f/c. NFP data due Friday; 205k f/c

  • 1.1924 (March 2 low) and 1.1966 are GBP/USD resistance levels beyond 200DMA

  • Biden challenges Republicans with budget that raises taxes, sets up 2024 run

Source:
Refinitiv IFR Research/Market Commentary

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