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eFX Apex

Aug 07 - 03:55 AM

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By Jeremy Boulton — Aug 07 - 03:17 AM

• The 21-DMA has risen above 100/200-DMAs - bullish

• GBP/USD up 1.3275-1.3505 after 21-DMA rose over 55-DMA

• Event risk - US payrolls - stemming reaction to recent signals

• GBP/USD 1.3447-55 Friday after 1.3448-79 Thursday

• GBP short positions ($5bln) heighten upside risk

•
GBPUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:

London Stock Exchange Group | Thomson Reuters