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Nov 19 - 10:55 PM

GBP/USD - Touch Softer With Good News In Short Supply

By Andrew M Spencer  —  Nov 19 - 10:05 PM
  • -0.1%, at the base of a 1.3249-1.3266 range, busy early, then quiet

  • UK economy to double-dip on second lockdown impact - poll nL8N2I52M6

  • November consumer confidence fell to lowest since May nL8N2I53VC

  • Charts; momentum studies base, 5, 10 & 21 DMAs climb - positive setup

  • 1.3322 Nov top resilient, sustained break to target 1.3481 September peak

  • Close below 1.3108/18, last week's low and 21 DMA would end topside bias

  • NY 1.3198-1.3279 range is initial support-resistance

  • Sterling not positioned for Brexit outcome: expect a move nL4N2HZ0PK

For more click on FXBUZ



gbp 3 nov 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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