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Feb 01 - 10:55 PM

GBP/USD - Resilient, As The USD Softens With Firmer Risk

By Andrew M Spencer  —  Feb 01 - 09:58 PM
  • +0.25% at the top of a 1.3663 - 1.3695 range with moderate interest

  • USD is softer with positive Asian stocks and E-mini S&P +0.65%

  • N.Ireland suspends some port checks over staff safety concerns nL1N2K7353

  • Brexit teething problems in a potentially volatile area need to be fixed

  • Charts; 10 & 21 daily weekly and monthly moving averages trend higher

  • Upper 21 day Bollinger band capped trend on close, now 1.3768 resistance

  • Close below rising 1.3649 21 DMA needed to undermine primary uptrend

  • Sterling is resilient, but the next move likely USD driven

For more click on FXBUZ


gbp feb 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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