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Feb 08 - 08:55 PM

GBP/USD - Range Resistance In View But Should Hold

By Andrew M Spencer  —  Feb 08 - 06:50 PM
  • Flat after closing little changed with resilient 1.3759 range top in view

  • UK calls for reset with EU and 'refinement' of Brexit deal nL8N2KE4JG

  • EU likely to insist that the UK implements the agreed Brexit Protocol

  • UK economy set for sluggish recovery in 2021 - NIESR nL8N2KE4ER

  • Charts; 5, 10 & 21 daily moving averages, momentum studies edge higher

  • 1.3759 2021 Jan/Feb range high caps, positive signals normal at range highs

  • Contracting 1.3769 upper 21 day Bollinger band suggests topside may hold

  • Last week's bounce off 1.3569 61.8% 2021 rise makes this the key support


gbp feb 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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