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Dec 30 - 05:55 AM

GBP/USD - Rises To Post-Xmas Top After UK Approves AZ Vaccine

By Rob Howard  —  Dec 30 - 04:36 AM
  • Cable rises to 1.3576 after UK first to approve AZ/Oxford COVID-19 vaccine

  • See: nL8N2JA0KE. 1.3576 = highest level this week (1.3571 was Monday high)

  • Resistance levels include 1.3585 (Xmas Day high), 1.3600 and 1.3620/25

  • 1.3620 was Xmas Eve high. 1.3625 was 31-month high on Dec 17

  • EU and UK agreed a trade deal on Xmas Eve: MPs will approve it today

  • See: nL1N2JA0FO. 1.3523 (Tuesday's high) is now a GBP/USD support point

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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