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Jul 19 - 01:55 AM

GBP/USD - Sterling Soft, As The 'Freedom Day' Gamble Begins

By Andrew M Spencer  —  Jul 18 - 11:37 PM

  • -0.1% at the lower end of a 1.3747-1.3770 range with solid interest early

  • USD trades firmer as Asian stocks fall, with e-mini S&P futures off 0.35%

  • The big gamble of 'Freedom Day' begins with mixed messages nL1N2OU0E0

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

  • 21 day Bollinger bands expand - suggests 1.3733 range base is vulnerable

  • 1.3733 break would open the door to 1.3697 200 DMA, a base since Sep 2020

  • Sustained break of 1.3850 21 daily moving average would end downside bias

  • June 1.3733 low and Asian 1.3770 high are initial support and resistance

For more click on FXBUZ


gbp 2 jul 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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