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Thomson Reuters
Oct 04 - 09:48 PM
GBP/USD - Light At The End Of The Brexit Tunnel Supports
First appeared on eFXplus on Oct 04 - 07:55 PM
  • Shade firmer after closing +0.65%, buoyed by Brexit optimism
  • EU negotiators see chance of a compromise on Irish border issue nL8N1WK2J0
  • Decent bounce, but UK political uncertainty, rising US yields & USD to cap
  • Momentum studies conflict, 5 & 10 DMAs flat line, setup neutral from bearish
  • 1.3000-25 500M strikes then 1.2975 NY low shape up as initial support
  • 1.3041 NY high then 1.3061 horizontal 10 DMA are first resistance

gbp oct 5 Click here

Source:
Thomson Reuters IFR Markets

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