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Derived real-time data in partnership with:
Thomson Reuters
Dec 27 - 11:00 PM
GBP/USD - Edges Toward The Brexit Resolution - Neutral Setup
First appeared on eFXplus on Dec 27 - 09:05 PM
  • Little changed in a tight 1.2644/1.2657 range - very quiet in Asia
  • A no confidence motion in PM May is a matter of when not if nL3N1YW4CK
  • No signs of any Brexit progress over the holiday period so far - deadlock
  • Momentum studies conflict, 5, 10 & 21 DMAs coil - neutral setup
  • Downtrend has stalled and further consolidation likely short term
  • Yesterday's 1.2616 low and this week's 1.2739 high support/resistance

gbp dec 28 Click here

Source:
Thomson Reuters IFR Markets

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