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Feb 26 - 08:55 PM

GBP/USD - Topside Progress Continues For A 1.2787 200 DMA Test

By Andrew Spencer  —  Feb 26 - 07:04 PM

• Steady after closing +0.05% - resilient with the USD up 0.25%

• UK plans Ukraine talks, Trump debrief with European leaders on Sunday

• No easy monetary policy answer to higher global tariffs, BoE's Dhingra says

• There is no tier-one UK data or BOE events - USD will likely lead sterling

• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Neutral daily momentum studies - a positive setup targets the 1.2787 200 DMA

• This week's 1.2607 low, then last week's 1.2564 base are initial support

• 1.2730 Dec 18 high is the first resistance then the 1.2787 200 DMA
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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