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Thomson Reuters
Feb 13 - 08:36 PM
GBP/USD - Negative Setup Into The Next Round Of Brexit Voting
First appeared on eFXplus on Feb 13 - 06:30 PM
  • Shade firmer, closed 0.3% lower amid firmer UST yields & broad USD strength
  • UK parliament votes on May's Brexit motion & maybe amendments nL5N20826H
  • No hard Brexit is the only consensus in parliament, but it remains an option
  • Negative momentum studies, 5 and 10 DMAs head south, while the 21 DMA crests
  • A close above the 1.3014 200 DMA would be needed to end the downside bias
  • Looking initially for a break of 1.2814, 50 percent of the 2019 bounce

gbp feb 14 Click here

Source:
Thomson Reuters IFR Markets

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