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Aug 24 - 03:55 PM

GBP/USD - Dips After Tight US Claims Data Hints At High-For-Longer Fed Policy

By Paul Spirgel  —  Aug 24 - 01:35 PM
  • GBP$ ending NorAm by session low 1.2621, -0.9%; Thurs range 1.2729-1.2621

  • Fed's Powell Jackson Hole talk key event for hints at Fed policy tack

  • UST yields move toward pre-PMI highs after claims data downside miss

  • Sterling eyes trend low after claims hint Fed to remain restrictive

  • Pair testing 100-DMA (1.2638), close below targets Wed low 1.2615

  • Further support at lwr 30-d Bolli 1.2568, then 200-DMA 1.2397

  • Resistance 10-HMA 1.2653, Thursday high 1.2729, 55-DMA 1.2778

Source:
Refinitiv IFR Research/Market Commentary

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