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Feb 20 - 12:12 AM

GBP/USD - Range Base Back In View Into Important Retail Sales

By Andrew M Spencer  —  Feb 19 - 10:15 PM
  • Touch softer in a 1.2912-1.2928 range, but with solid cross related interest

  • UK employers offer lowest pay awards since Dec 2018 - XpertHR nL8N2AJ5YL

  • Jan retail sales key to gauge post election consumer strength - see chart

  • Yesterday's dip turned daily charts from neutral to a modest negative setup

  • Momentum studies crest, 21 day Bolli bands, 5, 10 & 21 DMAs edge lower

  • 1.2873 2020 low supports - 1.2952, 38.2% of yesterday's fall resistance

  • 1.2855 lower 21 day Bolli likely resilient, test an opportunity for bulls

gbd feb 20 Click here

gbp2 feb 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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