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USD Supported, AUD & NZD Down On Lower Equities & Commodities

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VIEW: Citi Expects Rates To Peak At 3.85% In Q2 2023

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SFRZ3 94.500 Puts Trade

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NZGBS: Off Session Cheaps

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Crude Down Again As Waits For Fed And OPEC Outcomes

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Ending January On A Weaker Note

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Bullish Price Sequence

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2069 1.00 proj of the Sep 26 - Oct 5 - 12 price swing
  • RES 3: 1.2000 Psychological round number
  • RES 2: 1.1901 High Aug 26
  • RES 1: 1.1799 0.764 proj of the Sep 26 - Oct 5 - 12 price swing
  • PRICE: 1.1744 @ 15:40 GMT Nov 11
  • SUP 1: 1.1445 50-day EMA
  • SUP 2: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 3: 1.1061 Low Oct 21
  • SUP 4: 1.0924 Low Oct 12 and a key short-term support

GBPUSD extended gains early Friday and in the process cleared resistance at 1.1645, the Oct 27 high. The break higher confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. The focus is on 1.1799, a Fibonacci projection and potentially the 1.2000 handle further out. On the downside, initial firm support lies at 1.1334, the Nov 9 low.

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  • RES 4: 1.2069 1.00 proj of the Sep 26 - Oct 5 - 12 price swing
  • RES 3: 1.2000 Psychological round number
  • RES 2: 1.1901 High Aug 26
  • RES 1: 1.1799 0.764 proj of the Sep 26 - Oct 5 - 12 price swing
  • PRICE: 1.1744 @ 15:40 GMT Nov 11
  • SUP 1: 1.1445 50-day EMA
  • SUP 2: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 3: 1.1061 Low Oct 21
  • SUP 4: 1.0924 Low Oct 12 and a key short-term support

GBPUSD extended gains early Friday and in the process cleared resistance at 1.1645, the Oct 27 high. The break higher confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. The focus is on 1.1799, a Fibonacci projection and potentially the 1.2000 handle further out. On the downside, initial firm support lies at 1.1334, the Nov 9 low.