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Dec 07 - 11:55 PM

GBP/USD - Soft With Risk Appetite - UK Data Disappoints

By Andrew M Spencer  —  Dec 07 - 10:25 PM

  • GBP/USD -0.2% - USD +0.15%, 10yr UST +2bp 3.447%, E-mini S&P -0.2%

  • Trades towards the base of a 1.2181-1.2212 range - modest flows on D3

  • UK jobs market loses more momentum in November: REC nL8N32X4EV

  • Cost of living crisis and rising yields hit UK house prices nS8N2Y3016

  • Charts; daily momentum studies ease, 5, 10 & 21 day moving averages conflict

  • 21 day Bollinger bands contract - trend stalled, struggles above 1.2300

  • 1.2135 10 DMA again held - a base on the close for this move, key support

  • 1.2231 NY high then this week's 1.2345 trend high are initial resistance

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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