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Thomson Reuters
Mar 04 - 08:36 PM
GBP/USD - Brexit Progress Needed For A 1.3360/90 Break
First appeared on eFXplus on Mar 04 - 06:30 PM
  • Flat in Asia after closing -0.2%, as the USD firmed, and stocks slipped
  • PM May's top lawyer negotiating with EU - slim chance of a deal nL5N20R3D8
  • Three days of lower highs leaves momentum studies cresting or falling
  • The five DMA has also rolled over, so bulls need progress soon
  • A close below 1.3130, 38.2% of the February bounce would end topside bias
  • 1.3167 NY low and 1.3253 NY high is initial support/resistance

gbp mar 5 Click here

Source:
Thomson Reuters IFR Markets

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