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Mar 02 - 11:55 PM

GBP/USD - On Hold Into The Budget, As Uptrend Hangs In

By Andrew M Spencer  —  Mar 02 - 10:10 PM
  • Touch softer, at the base of a quiet 1.3955-1.3970 range pre budget

  • Budget spending proposals pro jobs - key are tax initiatives nL2N2L03C9

  • Britain to ease listing rules to buttress London after Brexit nL5N2L02UQ

  • Delicate balance between easing rules and lowering regulation standards

  • Charts; bearish 5 & 10 DMA cross, while momentum studies head lower

  • Close below rising 21 DMA - 1.3898 today would be a negative signal

  • Bias is higher while 21 DMA holds - it has been support on the close in 2021

  • 1.3823, 61.8% of the February rise is pivotal support

    For more click on FXBUZ

gbp 2 mar 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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