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Dec 30 - 02:36 AM
GBP/USD - Key Resistance In View, As The USD Continues To Slip
First appeared on eFXplus on Dec 29 - 10:10 PM
  • +0.3%, EUR/GBP flat, USD led, brief flurry as Asia fully opened, then quiet

  • Expected US-China trade deal and less pessimistic global growth caps USD

  • No tier one data in London, so the USD and year end flows to lead

  • Earlier 1.3080 low and 1.3135, 38.2% of Dec fall support-resistance

  • Close above in view 1.3135 Fibo, would be a strong positive signal

  • Momentum studies 5, 10 & 21 DMAs conflict - a neutral setup

  • 1.2846/1.3318 contracting 21 day Bolli bands define broad range

gbp 2 dec 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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