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Oct 24 - 09:55 PM

GBP/USD - Bid With A Positive Setup Below Key Resistance

By Andrew M Spencer  —  Oct 24 - 07:44 PM

  • Touch firmer, as recovery mixed into next week's budget nL1N2RJ0GN

  • Closed -0.25%, EUR/GBP +0.45%, soft retail hit growth hopes nL8N2RI1F6

  • UK says major differences remain with EU over N.Ireland trade nL8N2RJ08P

  • A resolution of N, Ireland dispute would be a strong sterling positive

  • Post Brexit talks with France on fishing dispute continue nL1N2RJ0F0

  • Charts; 5, 10 & 21 day moving averages climb, 21 day Bollinger bands expand

  • Daily momentum studies conflict - bullish setup while 1.3731 10 DMA holds

  • 1.3831, 50% of 2021 fall was resilient last week - 1.3913 Sep high above

    For more click on FXBUZ


gbp Oct 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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