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Sep 22 - 09:48 PM
GBP/USD - No Weekend Brexit Progress, 1.2438 Key Support
First appeared on eFXplus on Sep 22 - 07:35 PM
  • Flat with risk bid in Asia, on guarded US/China trade optimism nW1N24K010

  • Fin min Raab, Brexit deal optimism - will respect supreme court [nS8N26103F

  • UK opposition Labour party to vote on Brexit stance Monday nL5N26D0US

  • Nothing in the weekend news to change the Brexit state of play - uncertainty

  • Charts - momentum studies conflict, 5, 10 & 21 DMAs climb - net positive

  • 1.2589, 76.4% Jun/Sep fall capped Friday - becomes major resistance

  • Close below 1.2438 10 DMA, a base on this move, would undermine topside bias



gbp sep 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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