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Oct 22 - 11:55 PM

GBP/USD - Weak Data - Cable A Touch Lower As The USD Firmed

By Andrew M Spencer  —  Oct 22 - 10:40 PM
  • -0.1%, in the middle of a 1.3056-1.3082 range with only occasional interest

  • UK consumer sentiment off most since start of pandemic - GfK nL8N2HD6HN

  • Data underlines the importance of a Brexit compromise for the UK economy

  • Charts; momentum studies, 5, 10 & 21 DMAs head higher - positive setup

  • 1.3173, 61.8% of September fall capped Wednesday remains major resistance

  • Close below 1.2950 21 DMA, a recent base, would end the topside bias

  • 1.3038 61.8% of Wed's bounce and 1.3100 775M strikes support-resistance

For more click on FXBUZ


gbp 2 oct 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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