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Thomson Reuters
Feb 13 - 07:24 AM
GBP/USD - On The Front-Foot Pre-UK Inflation Data
First appeared on eFXplus on Feb 13 - 04:05 AM
  • Offers ahead of 1.3879 are keeping a lid on cable pre-UK inflation data
  • 1.3879 is 38.2% of 1.4067 (Feb 8 high on hawkish BoE) to 1.3764 (Feb 9 low)
  • Prior supply ahead of 1.3879 capped GBP/USD on three occasions Monday
  • GBP/USD could vault 1.3879 if UK CPI comes in higher than 2.9%
  • More offers expected around 1.3900 (1.3902 = daily Kijun-Sen resistance)
  • 1.3800 and 1.3764 (last Friday's three-week low) are support levels

cable 1.3879: Click here

Source:
Thomson Reuters IFR Markets
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