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Dec 21 - 11:55 PM

GBP/USD - Touch Lower With Omicron Response Front And Centre

By Andrew M Spencer  —  Dec 21 - 10:19 PM

  • -0.1%, at the base of a 1.3259-1.3275 range, with only occasional flow

  • UK reduces COVID-19 self-isolation to seven days for most in England

  • Measures should help industries struggling with staff shortages nL8N2T6523

  • Techs; 5, 10 & 21 day moving averages coil, 21 day Bolli bands contract

  • Momentum studies show mixed signals - neutral setup at familiar levels

  • Well tested 1.3166, 38.2% of the 2020-2021 rise remains the pivotal support

  • 1.3348 upper 21 day Bollinger band and 1.3375 December high key resistance

For more click on FXBUZ


gbp 2 dec 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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