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Apr 12 - 09:55 PM

GBP/USD - 2023 High In View, As The USD Slides After CPI

By Andrew M Spencer  —  Apr 12 - 07:45 PM

  • Steady after closing +0.45% - U.S. dollar fell after softer inflation data

  • Biden urges N.Ireland leaders to seize 'incredible economic opportunity'

  • DUP says Biden visit has not changed Northern Ireland political dynamic

  • N Ireland compromise must be found - would be a strong sterling positive

  • Charts; 5, 10 & 21 day moving averages climb as 21 day Bolli bands contract

  • Momentum studies conflict - uptrend in play for a test of 1.2525 2023 high

  • Close below the 1.2344 rising 21 DMA would be a bearish signal

  • NY 1.2399-1.2496 range is initial support and resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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