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Derived real-time data in partnership with:
Thomson Reuters
Dec 24 - 07:24 AM
GBP/USD - Remains Below 21DMA As Christmas Looms
First appeared on eFXplus on Dec 24 - 05:30 AM
  • Offers ahead of 1.2684 (21DMA) are keeping a lid on cable as Christmas looms
  • 1.2680 was Asia high and European am high. More offers expected near 1.27
  • 1.2698 was Friday's high, before pre-weekend drop to 1.2619 on risk aversion
  • 1.2706/07 was double-day high last week (Dec 18/20): interim low 1.2608
  • IMM specs cut gross GBP long positions by 38 pct to 29,162 in week to Dec 18
  • Net GBP short position up to 12-week high of 60,723 as a result nL1N1YQ1MU

GBP IMM: Click here

Source:
Thomson Reuters IFR Markets

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