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GBP/USD: Under pressure below the near term downtrend – Commerzbank

According to Karen Jones, analyst at Commerzbank, GBP/USD is under pressure while capped by the near term downtrend at 1.3156 to head back to the 55 day ma at 1.2997.

Key Quotes

“Failure here will trigger a slide to the December low at 1.2908. Failure at the 1.2908 support would put the 4 month uptrend at 1.2792 and the 200 day moving average at 1.2690 back on the plate.”

“The near term downtrend guards the Fibonacci resistance at 1.3285. This is considered to be the last defence for the December high at 1.3515.”

“Failure at the 1.2908 support would target the 200 day moving average.”

France Industrial Output (MoM) came in at -0.1% below forecasts (0.1%) in November

France Industrial Output (MoM) came in at -0.1% below forecasts (0.1%) in November
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USD/INR finds buyers ahead of 71.00, focus on US NFP

USD/INR extended its three-day bearish momentum and went on to hit three-week lows at 71.06 before recovering some ground to now trade near 71.20 regi
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