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Sep 14 - 01:55 AM

GBP/USD - Plenty Of Event Risk - Poised Below Resilient 1.3900

By Andrew M Spencer  —  Sep 13 - 11:38 PM

  • Touch firmer in a tight 1.3836-1.3850 range with only modest interest

  • Plenty of UK and U.S. event risk with the potential to drive volatility

  • UK jobs - polls - Employment change +178k, and Unemployment rate 4.6%

  • U.S. CPI pivotal for UST yields and USD - polls +0.4% M/M and core M/M +0.3

  • Charts; momentum studies climb, 5, 10 & 21 DMAs conflict - neutral setup

  • Major 1.3900 resistance, 1.3890 Sep double top, 1.3897 upper 21 day Bolli

  • Close above 1.3900 would open the door to a test of 1.3983 July trend high

  • Monday's 1.3797 London low then 1.3769 21 DMA are initial supports

For more click on FXBUZ


gbp 2 Sep 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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