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Derived real-time data in partnership with:
Thomson Reuters
May 13 - 09:48 PM
GBP/USD - Brexit Stalemate, Key Support Break Targets 1.2850
First appeared on eFXplus on May 13 - 07:45 PM
  • -0.1%, after yesterday's 0.3% fall to close just below the 1.2959 200 DMA
  • Search continues for increasingly elusive Brexit progress nL5N22P6P1
  • The Brexit stalemate, and dour outlook for a solution are weighing on GBP
  • Dip has turned daily signals bearish, momentum studies, 5, 10 & 21 DMAs slip
  • Sustained 200 DMA break to target 1.2851 April low and Feb 1.2773 2019 base
  • 1.2931, 76.4% of the April May bounce and 1.3040 NY high support/resistance

gbp may 14 Click here

Source:
Thomson Reuters IFR Markets

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