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Jan 17 - 10:55 PM

GBP/USD - Slips As Yen Leads USD Higher, Charts Are Positive

By Andrew M Spencer  —  Jan 17 - 10:15 PM

  • Trades off 0.2% in a 1.2254-1.2290 range - volatile post BOJ - GBP/JPY +1.8%

  • UK pay deals hold at 5% for second month as wages lag 11% inflation

  • UK January CPI inflation data to be released in London - poll 10.5% y/y

  • Blinken welcomes Northern Ireland talks progress after meeting UK's Cleverly

  • Resolution of N. Ireland protocol impasse would be a strong GBP positive

  • Charts; neutral momentum studies, 21 day Bollinger bands continue to expand

  • 5, 10 & 21 DMAs rise - positive setup targets 1.2444, 61.8% 2022 fall

  • 1.2301 upper 21 day Bolli band caps - good indicator of an overbought market

  • Close below 1.2105 21 day moving averages needed to end the topside bias

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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