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Jan 20 - 08:55 PM

GBP/USD - Steady After Monday's Spike - As Volatility Returns

By Andrew Spencer  —  Jan 20 - 06:52 PM

• Steady after closing +1.35%, as the USD fell on lack of specific tariff news

• Trump pledges to save America from 'decline,' - turmoil fuels FX volatility

• UK Fin Min Reeves to strategise with the key financial services sectors

• UK jobs data leads event risk in London - Trump announcements in Asia

• Charts - daily momentum studies rise, 21-day Bollinger bands head lower

• 10 & 21-DMAs slide - weeklies remain bearish - the negative setup remains

• Monday's 1.2160 low, then the 1.2100 2025 base are initial supports

• 1.2389 21-DMA then the Jan 7 1.2575 high are first resistance

• A close above the 1.2392 21-DMA would be a positive signal
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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