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Mar 25 - 02:55 AM

GBP/USD - Bid As Optimism Resurfaces - Charts Point South

By Andrew M Spencer  —  Mar 24 - 11:11 PM
  • +0.2% with the softer USD, as Asian stocks and E-mini S&P +0.4% bounce

  • Trades towards the top of a 1.3680 - 1.3705 range with moderate interest

  • UK Nationwide Building Society tells all 13,000 staff: 'work anywhere'

  • Interesting development, as the work landscape changes nL4N2LM3X7

  • Charts; momentum studies, 5, 10 & 21 DMAs head south - bearish setup

  • Targets a test of initial support at 1.3637 - 76.4% of the 2021 rise

  • 1.3713 lower 21 day Bolli band suggests oversold - sell strength

  • Close above 1.3779 prior March low needed to undermine downside bias

For more click on FXBUZ


gbp 2 mar 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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