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Nov 15 - 01:55 AM

GBP/USD - Firmer On The Softer USD, UK News Weighs

By Andrew M Spencer  —  Nov 14 - 10:15 PM

  • +0.15%, towards top of a 1.3413-1.3437 range with only occasional interest

  • Softer USD behind modest bounce, as Asian stocks rise on better China data

  • UK employers plan modest pay rises, easing BoE inflation fears nL8N2S342G

  • Weak investment, innovation and management slow UK productivity nL8N2S36BB

  • Charts 5, 10 & 21 daily and weekly MAs slide, 21 day Bollinger bands slip

  • Mixed momentum studies - downtrend targets 1.3162, 38.2% 2020-21 rise

  • 1.3501 10 DMA is initial significant resistance, 1.3634 21 DMA pivotal

  • Friday's 1.3354 low and 1.3339 lower 21 day Bollinger band first support

For more click on FXBUZ


gbp 2 Nov 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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