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Derived real-time data in partnership with:
Thomson Reuters
May 03 - 02:36 AM
GBP/USD - Bid In Asia Ahead Of Services PMI - Trends South
First appeared on eFXplus on May 03 - 12:40 AM
  • +0.15% - 2nd day of USD selling in Asia - not unusual in USD uptrend
  • Momentum studies crest/fall, 5, 10 & 20 DMAs trend south - negative setup
  • Targets a test of 1.3534 200 DMA then 1.3462, 38.2% 2017/2018 climb
  • Earlier 1.3571 low & 1.3666 5 DMA & NY high initial support/resistance
  • Market/CIPS Services PMI significant data - polls - 53.5 after March 51.7
  • Only occasional GBP interest with Tokyo closed - Click here

gbp2 may 3 Click here

Source:
Thomson Reuters IFR Markets

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