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May 14 - 02:55 AM

GBP/USD - Sustains Offshore Gains Above Key 1.3140/65 Support

By Andrew Spencer  —  May 13 - 11:59 PM

• Steady at the base of a quiet, tight 1.3299-1.3320 range on FX Matching

• Recent BoE comments reflect very different outlooks from Taylor and Pill

• Opposing views are no great surprise amid the confusion caused by US tariffs

• No major UK data, BOE Deputy Gov Sarah Breeden speaks - uncertainty reigns

• Charts - mixed 5, 10, & 21-day moving averages, momentum studies conflict

• 21-day Bollinger bands contract - the daily charts are back in neutral

• Under pressure 1.3306 21-DMA, then last week's 1.3402 high first resistance

• Bears need a close below the resilient 1.3165, 0.3825 of the April rise
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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