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Refinitiv
Dec 09 - 02:36 AM
GBP/USD - Boris Leads, Stalled Ahead Of Key 1.3200 Resistance
First appeared on eFXplus on Dec 08 - 10:30 PM
  • Up 0.1% with interest once Asia fully opened in a tight 1.3132/1.3151 range

  • Busy EUR/GBP trades -0.1%, despite a very tight 0.8441/0.844175 range

  • PM Johnson still has a solid lead after weekend polls nL1N28I07P

  • 1.3100 522M and 1.3115 200M and 1.3200 434M are today's close strikes

  • Charts - 5, 10 & 21 daily and weekly MAs head north - a trending setup

  • Bounce stalled late last week at 1.3168/90, 50% 2018/19 fall and May high

  • Sustained 1.3200 break would open the door to the 1.3380 2019 high in March

  • Close below the prior 1.3000 range high needed to undermine topside bias

gbp 3 dec 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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