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Jan 13 - 10:55 PM

GBP/USD - Bid With A Softer U.S. Dollar Into A Raft Of UK Data

By Andrew M Spencer  —  Jan 13 - 10:05 PM

  • +0.1 at the top of a 1.3705-1.3720 range with consistent interest

  • GDP and Industrial production lead a tranche of UK data- see chart for polls

  • No police probe yet into parties at PM's house during COVID-19 lockdown

  • Should the police find evidence, it could be the end of Johnson nL8N2TT5DC

  • Charts; 5, 10 & 21 day moving averages, plus 21 day Bollinger bands climb

  • Neutral momentum studies, which is strong positive trending setup

  • Next resistance comes in at the 1.3829/34 range top in October - likely caps

  • Sustained 1.3604 10 DMA break, a recent base would undermine topside bias

    For more click on FXBUZ


uk data jan 14 Click here

gbp 2 jan 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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