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Dec 06 - 10:55 PM

GBP/USD - Positive Energy News, As Key Support Holds

By Andrew M Spencer  —  Dec 06 - 10:25 PM

  • +0.1% with the U.S. dollar off 0.1%, in an overall low key Asian session

  • Sterling trades at the top of a 1.2122-1.2148 range with solid flow on D3

  • U.S., Britain launch energy partnership to initially boost LNG supplies

  • Positive news for the UK cost of living crisis and clean energy nL8N32W48M

  • Charts; daily momentum studies crest, 5, 10 & 21 day moving averages climb

  • 21 day Bollinger bands rise - positive setup while 1.1959 21 DMA holds

  • 1.2119 10 DMA under pressure, a base on the close for this move, key support

  • 1.2266 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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