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Refinitiv
Dec 23 - 03:48 AM
GBP/USD - Bid In Thin Markets, But Techs Say Lower
First appeared on eFXplus on Dec 22 - 10:20 PM
  • Up 0.2% at the top of a 1.2995/1.3012 range with very light interest

  • NY closed at 1.2984 and gaps to the Asia open at 1.3000 usually filled

  • EU nL8N28V08J and Johnson nS8N2760F3 suggest fraught Brexit talks

  • Unless one side has a change of mind, a hard Brexit is very possible

  • Charts - Negative momentum studies, bearish 5 DMA cross of 10 and 21 DMAs

  • Targets initial significant support at 1.2945 76.4% November-December rise

  • Upper 21 day Bolli rejection last week targets rising 1.2806 lower band

gbp2 dec 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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