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May 17 - 01:55 AM

GBP/USD - Capped By The Firmer USD, As Optimism Ebbs

By Andrew M Spencer  —  May 16 - 11:53 PM

  • -0.05% - USD led in a 1.4080-1.4112 range with only modest interest

  • Anxiety in Asia, as the region struggles with expanding COVID-19

  • Free at last to hug and party: UK reopens for business nL8N2N146H

  • Oxford Uni & Oracle partner to identify COVID-19 variants nFWN2N208S

  • Charts; Friday's bounce leaves 10 & 21 DMAs, 21 day Bollinger's climbing

  • Positive setup targets a test of the 1.4240 2021 high longer term

  • Bias is higher while 1.3963 rising 21 daily moving average holds

  • 1.4022 rising 10 DMA and 1.4111 NY high initial support and resistance

For more click on FXBUZ


gbp may 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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