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Nov 19 - 12:12 AM
GBP/USD - Johnson-Corbyn Debate A Potential Range Break Trigger
First appeared on eFXplus on Nov 18 - 10:10 PM
  • Flat with early flows in a tight 1.2946/1.2954 range, EUR/GBP flat at 0.8547

  • Tuesday's Johnson-Corbyn debate potential major event risk nL2N27Z007

  • Charts - momentum studies, 5, 10 & 21 DMAs conflict - neutral setup

  • After forming a touch lower 1.2770 range base, 1.3012 top in view

  • Sustained 1.3012 break would open the door to 1.3168, 50% of 2018-19 fall.

  • London 1.2922/1.2985 range is initial support/resistance

gbp2 nov 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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