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Dec 03 - 10:55 PM

GBP/USD - Caution Into US Payrolls, As USD Leads - Trends North

By Andrew M Spencer  —  Dec 03 - 09:55 PM
  • +0.1%, in a quiet 1.3448-1.3466 range - EUR/GBP -0.1% with some big flows

  • Asia cautious ahead of U.S. payrolls, as USD leads cable at present

  • Poll suggests GBP to have a choppy December, then rise in 2021 nL8N2IJ2LZ

  • Mixed signals from Brexit talks & little progress on key issues nL8N2IJ1PD

  • Deal or no deal, brinkmanship leaves trust between EU & UK at a low ebb

  • Charts; momentum studies, daily and weekly 5, 10 & 21 MAs point north

  • Bias remains higher while closes above 1.3295 rising 21 DMA

  • Next major resistance is last December's 1.3516 2019 high


For more click on FXBUZ


gbp 2 dec 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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