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Aug 20 - 01:55 AM

GBP/USD - 1.3572 Test Beckons, As Charts Trend South

By Andrew M Spencer  —  Aug 19 - 11:42 PM

  • Touch softer in a 1.3619-1.3641 range with plenty of morning interest

  • UK house prices to climb on cheap cash, quest for space nL8N2PQ1XD

  • Charts; momentum studies fall, 5, 10 & 21 daily moving averages slide

  • 21 day Bollinger bands expand - strong trending bearish setup

  • 1.3661 falling lower 21 day Bollinger band suggests oversold short term

  • Fall targets a test of 1.3572 July trend base, with 1.3452 2021 base below

  • 1.3783/90 10 day moving average and 200 DMA are pivotal resistance

  • UK retail sales lead data - polls - headline m/m +0.4%, ex fuel m/m +0.2%

For more click on FXBUZ


gbp 2 aug 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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