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Nov 19 - 01:55 AM

GBP/USD - Busy - Headline Driven, But Topside Bias Intact

By Andrew M Spencer  —  Nov 18 - 10:10 PM
  • -0.2% in a 1.3226-1.3269 range with heavy volume on UK Times article

  • EU leaders set to demand no-deal plans be published - Times nL1N2I501E

  • Story does not mean there will not be deal - sensible precautionary measure

  • No news on Brexit talks, market remains optimistic a deal will be found

  • Charts; momentum studies base, 5, 10 & 21 DMAs climb - positive setup

  • November 1.3322 top caps, sustained break to target 1.3481 September peak

  • Close below 1.3108/09, last week's base and 21 DMA would end topside bias

  • 1.3209 rising 10 DMA recent trend base, & 1.3269 Asia top support-resistance


    For more click on FXBUZ

gbp 3 nov 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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