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Jan 31 - 08:55 PM

GBP/USD - Rumours Of A N.Ireland Deal - Potential GBP Positive

By Andrew M Spencer  —  Jan 31 - 06:45 PM

  • -0.05% after closing -0.25%, despite a softer U.S. dollar - EUR/GBP +0.35%

  • UK and EU strike deal that could break N.Ireland deadlock -The Times

  • If a true, a viable EU/UK compromise would be a strong sterling positive

  • It could begin a closer trading relationship with UK's biggest customer

  • Techs; 5, 10 & 21 day moving averages conflict, 21 day Bolli bands contract

  • Momentum studies slide - neutral setup above pivotal 1.2262 21 DMA

  • Sustained 1.2450 Dec/Jan range top break would target 1.2666 May high

  • Close below 1.2262 21 day moving averages would be a bearish signal

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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