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Nov 23 - 01:55 AM

GBP/USD - Scotland In Focus - Uptrend Needs Progress Soon

By Andrew M Spencer  —  Nov 22 - 10:30 PM

  • Touch softer at the base of a quiet 1.1881-1.1910 range on D3

  • UK services PMI poll 48 and manufacturing PMI 45.8 - event risk in London

  • Court to rule on the legality a new Scottish independence referendum today

  • Ruling in favour of a referendum adds to economic uncertainty nL8N32H3R4

  • Techs, daily momentum studies flat line, 10 & 21 day moving averages climb

  • 21 day Bollinger bands head higher - positive setup needs progress soon

  • 1.1643 21 day moving average and 1.2038, 50% 2022 fall are pivotal levels

  • 1.1829 London low and 1.1910 Asian high are initial support, resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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