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Jan 28 - 08:55 PM

GBP/USD - Uptrend Remains In Place With Further Gains Viable

By Andrew M Spencer  —  Jan 28 - 07:21 PM
  • Touch firmer after closing up 0.25%, as the USD softened on improved risk

  • Johnson - lots of Brexit teething problems, employers fear more nL8N2K36R5

  • Month end flows often impact sterling, especially in the London time zone

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages trend higher

  • Upper 21 day Bollinger band capped trend on close, now 1.3760 resistance

  • Close below rising 1.3644 21 DMA needed to undermine primary uptrend

  • London 1.3631 low and NY 1.3745 high initial support and resistance

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gbp jan 29 Click here

Source:
Refinitiv IFR Research/Market Commentary

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