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Jan 03 - 07:55 PM

GBP/USD - Key 1.3677 Resistance Caps, But The Trend Is Higher

By Andrew M Spencer  —  Jan 03 - 05:50 PM
  • Flat after closing up 3% for 2020, as UK prepares for life outside the EU

  • PM Johnson - Stricter lockdown restrictions probably on the way nL1N2JE03L

  • UK targets tens of millions of vaccinations in next 3 months nS8N2IW08L

  • Gaining control of the record coronavirus cases key for UK economy in 2021

  • Charts; momentum studies, 5, 10 & 21 daily weekly and monthly MAs rise

  • Strong positive setup with 1.3677, 76.4% 2018-2020 fall in view

  • 1.3680 break initially targets resilient 1.3700 upper 21 day Bolli band

  • Close below 1.3470 21 DMA, a base last week, would end topside bias

For more click on FXBUZ


gbp jan 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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