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Jul 07 - 08:36 PM
GBP/USD - Charts Suggest The 2019 Low Is Vulnerable
First appeared on eFXplus on Jul 07 - 07:10 PM
  • Off 0.1%, extending Friday's USD led 0.3% fall, likely low key Asian session
  • UK lawmakers weigh up options to try to block a no deal Brexit nL8N248084
  • UK justice minister, likely parliament can stop no-deal Brexit nL8N2480A6
  • Charts show neutral momentum studies, 5, 10 & 21 daily and weekly MAs fall
  • Bearish setup initially targets 1.2409 flash crash and 2019 low
  • NY 1.2481/1.2560 range is initial support/resistance

gbp jan 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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