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Feb 15 - 11:55 PM

GBP/USD - Firmer With Risk Appetite, Though Charts Point South

By Andrew M Spencer  —  Feb 15 - 10:15 PM

  • +0.1% at the top of a 1.2015-1.2045 range with heavy D3 volume, =USD -0.2%

  • Asia cautious early, then risk recovered, E-mini S&P +0.2%, commodities up

  • No significant UK data, so risk appetite and the USD likely lead sterling

  • Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands slide

  • Momentum studies edge lower - daily signals show strong negative signals

  • Close above tested 1.2226 21 day moving average would end downside bias

  • 1.2015 Asian low then this week's 1.2038 base are initial supports

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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