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Derived real-time data in partnership with:
Thomson Reuters
Feb 10 - 11:00 PM
GBP/USD - Focus On Data In UK - The Charts Remain Bearish
First appeared on eFXplus on Feb 10 - 09:05 PM
  • Sidelined - no major GBP weekend news - Tokyo holiday - 1.2930/37 range
  • Brexit uncertainty saw investment flow from UK to EU - LSE nL3N203341
  • Data led in London, Q4 GDP, business investment & IP production today
  • 5 and 10 DMAs head south and the 21 DMA crests, which is a bearish setup
  • A close above the 1.3025 200 DMA would be needed to end the downside bias
  • Looking for an initial test of 1.2814, 50 percent of the 2019 bounce.

gbp2 feb 11 Click here

ukd feb 11 Click here

Source:
Thomson Reuters IFR Markets

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