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Mar 09 - 08:55 PM

GBP/USD - Opens Higher, As The USD Slides Into U.S. Jobs

By Andrew M Spencer  —  Mar 09 - 06:35 PM

  • -0.05% after closing up 0.65%, with the U.S. dollar and UST yields lower

  • Expecting a subdued session in Asia into the often volatile U.S. jobs

  • Risk appetite and the U.S. dollar will likely lead intraday moves

  • Charts; 5, 10 & 21 DMAs track lower with 21 day Bollinger bands

  • Horizontal momentum studies - signals suggest base still the weak side

  • This week's 1.1805 low then 1.1637, 38.2% 2022-2023 rise key supports

  • 1.1939 NY high then well tested 1.2011 21 DMA are initial resistance

  • Outlook remains negative while closes below the 21 day moving average

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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