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Sep 06 - 09:55 PM

GBP/USD - Sterling Remains Resilient For A 1.3900 Break

By Andrew M Spencer  —  Sep 06 - 07:39 PM

  • Steady after closing off 0.15% with the USD trading a touch firmer

  • London takes on New York with 5-year financial services plan nL8N2Q82OM

  • As with all plans, implementation is crucial and tough, in these COVID times

  • Charts; 21 day Bolli bands contract, 5, 10 & 21 DMAs conflict- neutral setup

  • August rejection of lower 21 day Bolli and Thursday's 1.3782 21 DMA break

  • Next stop 1.3917 upper 21 day Bolli band - opposite to the July/August fall

  • London 1.3820-1.3846 range is initial support and resistance

For more click on FXBUZ


gbp Sep 7 Click here

Source:
Refinitiv IFR Research/Market Commentary

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