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Derived real-time data in partnership with:
Thomson Reuters
Aug 28 - 11:00 PM
GBP/USD - 1.2800/1.2935 Range In Play As EUR/GBP Caps
First appeared on eFXplus on Aug 28 - 08:50 PM
  • Little changed so far in Asia - closed -0.2%, capped by EUR/GBP demand
  • UK shop prices edged up for first time in over five years - BRC nL9N1M1020
  • In second week of a 1.2800/1.2936 range - close outside likely directional
  • Neutral momentum studies base, 5, 10 & 21 DMAs coil - little short term bias
  • Earlier 1.2880 high then 1.2930/36 range & 38.2% July/August fall resistance
  • 1.2860/62, yesterday's low, 5 & 21 DMAs then 1.2837 10 DMA initial support

gbp aug 29 Click here

Source:
Thomson Reuters IFR Markets

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