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Refinitiv
Nov 12 - 08:36 PM
GBP/USD - In Wait And See Mode, As The Election Dominates
First appeared on eFXplus on Nov 12 - 06:35 PM
  • Flat early after a second inside day, as recent consolidation extends

  • Merkel optimistic that Boris's Brexit deal will be passed nL8N27S31R

  • Latest poll has Conservatives with a clear lead but narrowing nL9N26I01C

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

  • Range is 1.2770/1.3010 - topside the weak one on a Conservative majority win

  • 1.2700, 38.2% October rise should hold unless the USD surges

  • London 1.2816 low and NY 1.2873 high initial support and resistance

gbp nov 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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