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Derived real-time data in partnership with:
Thomson Reuters
May 09 - 11:00 PM
GBP/USD - More Soft Data - Trend Stalled, But Still Valid
First appeared on eFXplus on May 09 - 08:55 PM
  • Little changed in Asia, as consolidation dominates this week - closed flat
  • RICS house price balance -8 - poll -1 - supports BoE on hold nL8N1SG8NK
  • Momentum studies conflict, 5, 10 & 20 DMAs head south - negative setup
  • 1.3462, 38.2% 2017/2018 climb initial support - sustained break needed soon
  • Close above 1.3604 falling 10 DMA would suggest a period of consolidation
  • London 1.3499 low & NY 1.3607 high initial support/resistance

gbp may 10 Click here

Source:
Thomson Reuters IFR Markets

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