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Jan 13 - 11:55 PM

GBP/USD - Firmer USD Caps - News Needed To Break 1.3700

By Andrew M Spencer  —  Jan 13 - 09:59 PM
  • -0.1% - USD led with higher UST yields - at base of a quiet 1.3620-55 range

  • London leads European tech investment table despite COVID nL8N2JO5YG

  • Survey shows UK housing market boom is beginning to fade nL8N2JO4JS

  • Techs, key resistance at 1.3700 once again capped on the close on Wednesday

  • Daily momentum studies are neutral, 5, 10 & 21 daily moving averages rise

  • Modest positive setup, which is not unusual at the top of a range

  • 1.3704 upper 21 day Bolli band is a good indicator of an overbought market

  • 2021 high also at 1.3703 to remain resilient, unless the USD slides

    For more click on FXBUZ

gbp 2 jan 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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