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Derived real-time data in partnership with:
Thomson Reuters
Aug 07 - 09:48 PM
GBP/USD - Poised Above Major Support, Which Looks Vulnerable
First appeared on eFXplus on Aug 07 - 08:20 PM
  • Tight early range after closing little changed with an inside day
  • Momentum studies, 5, 10 & 21 daily & weekly MAs head lower
  • Trending setup targets a close below 1.2898 61.8% 2017/18 rise
  • Bulls need a significant USD sell off or a Brexit breakthrough
  • Sustained 1.2898 break would initially target 1.2774 Aug 2017 base
  • NY 1.2924 low & London 1.2973 high initial support/resistance

gbp aug 8 Click here

Source:
Thomson Reuters IFR Markets

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