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Sep 12 - 11:00 PM
GBP/USD - Bounce Needs Progress Soon To Maintain Upside Bias
First appeared on eFXplus on Sep 12 - 09:00 PM
  • Flat after closing a touch firmer, as EUR/GBP shorts were squeezed
  • EU's Barnier not optimistic on Brexit deal by mid-October nL5N2636V4
  • Irish border pivotal - EU awaits viable proposals from UK government
  • Charts - momentum studies conflict, 5, 10 & 21 DMAs rise - modest positive
  • Break of this week's 1.2385 high would target 1.2469, 61.8% Jun-Sept fall
  • Close below 1.2232 rising 21 DMA would undermine the topside bias
  • NY 1.2284 low and earlier 1.2346 Asian high initial support/resistance

gbp sep 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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