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Feb 25 - 08:55 PM

GBP/USD - Pivotal Support Holds, As Risk Appetite Drives

By Andrew M Spencer  —  Feb 25 - 06:54 PM
  • Touch firmer after closing off 0.9%, as risk soured as UST yields jumped

  • COVID shot is quick and doesn't hurt, says UK's Queen Elizabeth nL8N2KV79P

  • UK's fast paced vaccine rollout continues - key for 2021 economic recovery

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages trend north

  • 1.3999 rising 10 day moving average under pressure - a base on this move

  • Close below 10 DMA would suggest cable will consolidate next week

  • 1.4182 NY high then this week's 1.4240 trend top initial resistance

  • 1.3999 10 DMA, then 1.3983, 38.2% of the February rise supports

    For more click on FXBUZ

gbp feb 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

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