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Jan 03 - 10:55 PM

GBP/USD - Key Resistance Being Tested, As Soft USD Drives

By Andrew M Spencer  —  Jan 03 - 09:56 PM
  • +0.2%, with the USD softer, led by JPY strength on Tokyo lockdown talk

  • Trades at the top of a 1.3645-1.3690 range with plenty of interest

  • Johnson - stricter lockdown restrictions probably on the way nL1N2JE03L

  • After getting Brexit done, coronavirus control is pivotal nL1N2JE0E3

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

  • Strong positive setup with 1.3677, 76.4% 2018-2020 fall under pressure

  • Sustained 1.3680 break initially targets resilient 1.3706 upper 21 day Bolli

  • Close below 1.3471 21 DMA, a base last week, would end topside bias

For more click on FXBUZ


gbp 3 jan 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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