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Nov 20 - 08:36 PM
GBP/USD - Massive Strikes Cap, As Johnson Maintains His Lead
First appeared on eFXplus on Nov 20 - 06:25 PM
  • Flat and closed little changed, after a 1.2900 break in London proved false

  • 1.2900 failure would be a bullish signals on a strong close today

  • PM Johnson offering multi-billion pound payroll tax cut nL8N2804PF

  • This is aimed at attracting working class voters in marginal seats

  • Latest poll has Conservatives with an 11 point lead over Labour nL9N26I01H

  • Charts - momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • Five week 1.2770/1.3012 range looks set to extend unless the USD trends

  • 1.2935 200M, 1.2945-50 385M, 1.2955-65 1BLN, 1.2990/00 1.821 BLN strikes cap



gbp nov 21 Click here

Source:
Refinitiv IFR Research/Market Commentary

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