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Nov 30 - 11:55 AM

GBP/USD - Offers Ahead Of 1.34 Cap For Sixth Consecutive Day

By Rob Howard  —  Nov 30 - 10:05 AM
  • Cable ran into resistance ahead of 1.34 after vaulting 1.3362 (Ldn am high)

  • 1.3388 = intra-day high (with 1.3351 marking subsequent pullback low)

  • Sixth consecutive trading day in which GBP/USD has topped out pre-1.34

  • See: nL1N2IG0QG. 1.3400 = Sept 2 high and a mooted option barrier level

  • Latest rise to threaten 1.34 influenced by month-end USD supply talk

  • EU-UK trade talks outcome crucial for GBP in Dec nL8N2IG1E3nL1N2IG0MM

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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