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Derived real-time data in partnership with:
Thomson Reuters
May 13 - 08:36 PM
GBP/USD - 200 DMA A Magnet, As Downtrend Remains Stalled
First appeared on eFXplus on May 13 - 06:40 PM
  • +0.1% ahead of the Tokyo open, after closing +0.2% with an inside day
  • UK still searching for a unified Brexit bargaining position nL5N1SK0JR
  • Trend stalled - momentum studies conflict, 10 & 20 DMAs head south
  • Negative setup, but break of 1.3462, 38.2% 2017/18 climb needed soon
  • Close above 1.3547 under pressure 10 DMA would suggest more consolidation
  • Early London 1.3502 low & NY 1.3596 high initial support/resistance

gbp may 14 Click here

Source:
Thomson Reuters IFR Markets

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