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Oct 01 - 07:55 AM

GBP/USD - Oddly Enough Parity Is Target Of GBP/USD's Brexit Extremes

By Jeremy Boulton  —  Oct 01 - 05:35 AM
  • A 100% fibo projection drawn off extremes traded during Brexit is 0.9868

  • High day of referendum result 1.5018, low 1.1404, 2020 peak 1.3482

  • Next target drawn of those extremes is 1.1249, 61.8% fibo

  • Brexit spoils a good day and selling GBP may help nL1N2GS08C

  • GBP traders beware; Brexit could not be worse timed nL1N2GS08L




GBP projections off Brexit extremes Click here

Source:
Refinitiv IFR Research/Market Commentary

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