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Sep 01 - 08:36 PM
GBP/USD - Government And Opposition Prepare For Brexit Battle
First appeared on eFXplus on Sep 01 - 06:15 PM
  • Touch firmer at 1.2175, after opening 30pts slower at 1.2138
  • Opposition to push for legislation to prevent no deal Brexit nL5N25S08T
  • Barnier not optimistic on avoiding no-deal Brexit, UK Telegraph nL5N25R0RV
  • Likely quiet in Asia, ahead of Tuesday's return of the UK parliament
  • Daily charts show conflicting momentum studies, 5, 10 & 21 DMAs; no bias
  • 1.2309, 38.2% June/August fall resilient resistance last week - now pivotal
  • 1.2128, 61.8% of the August bounce is initial support

gbp sep 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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