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Dec 29 - 08:55 PM

GBP/USD - Omicron Impact Leads, But Uptrend Remains Strong

By Andrew M Spencer  —  Dec 29 - 07:26 PM

  • +0.1% after closing up 0.4% with a bullish outside day, as uptrend extends

  • UK records new record number of COVID cases, and hospitalizations increase

  • PM Johnson backs boosters to prevent overwhelmed hospitals nL1N2TE18F

  • 5, 10 & 21 day moving averages climb, 21 day Bollinger bands expand

  • Trending setup targets a break of 1.3500, 50% of the October-December fall

  • Close above 1.3500 would open the door to 1.3576, 61.8% Oct-Nov fall

  • Close below 1.3354 10 DMA needed to undermine the topside bias

  • London 1.3410 low and NY 1.3499 high are initial support and resistance

For more click on FXBUZ


gbp dec 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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