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Jan 17 - 08:55 PM

GBP/USD - Opens Higher, Resilient City Of London, Trend Is Up

By Andrew M Spencer  —  Jan 17 - 07:05 PM

  • Steady after closing up 0.75% as strong earnings put pressure on BOE

  • EUR/GBP selling supported on reports of smaller post February ECB hikes

  • Britain's financial services exports tick higher, U.S. top customer

  • A good result for the City of London as European competition builds

  • Charts; neutral momentum studies, 21 day Bollinger bands continue to expand

  • 5, 10 & 21 DMAs rise - positive setup targets 1.2444, 61.8% 2022 fall

  • 1.2300 upper 21 day Bolli band - good indicator of an overbought market caps

  • Close below 1.2105 21 day moving averages needed to end the topside bias

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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