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Derived real-time data in partnership with:
Thomson Reuters
May 03 - 08:36 AM
GBP/USD - Extends South To Threaten 1.3000 Pre-U.S. Jobs Data
First appeared on eFXplus on May 03 - 05:40 AM
  • Cable eyes 1.3000 (option expiry level) after breaking below 1.3016
  • 1.3016 was early Ldn low, before UK service PMI came in fraction under f/c
  • 50.4 nS8N1Z904A. Support points south of 1.3000 include 1.2983 and 1.2960
  • 1.2983 is the 100DMA. 1.2960 is the 200DMA (which was vaulted on Tuesday)
  • Risk of drop to 200DMA will increase if NFP and AHE above f/c at 1230GMT
  • 185k and +0.3 pct f/c nL1N22E1H0. ISM non-mfg index at 1400GMT, 57.0 f/c

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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