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Oct 08 - 11:55 PM

GBP/USD - Bid With Risk As Another 1.3000 Test Beckons

By Andrew M Spencer  —  Oct 08 - 10:55 PM
  • +0.15%, busy 1.2930-1.2956 range - USD off on rising stocks E-Mini S&P +0.5%

  • UK's Sunak plans carbon emissions tax to rebuild economy- Times nFWN2GZ0NO

  • Charts; momentum studies 5, 10 & 21 DMAs have begun to edge higher

  • Modest positive setup targets 1.3008 range high - capped mid Sep & this week

  • At the end of a second week in a 1.2808-1.3007 range, which should hold

  • 1.2841 50% of the September-October rise is initial significant support

  • 1.2900 266M strikes and London 1.2970 high are first support and resistance

  • UK data dump today led by GDP and Industrial Output - see chart for polls

For more click on FXBUZ






















UK data oct 9 Click here

gbp 2 oct 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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