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Oct 19 - 08:55 PM

GBP/USD - Range Rules, As Brexit Uncertainty Drags On

By Andrew M Spencer  —  Oct 19 - 07:35 PM
  • Flat after closing up 0.2%, as the choppy consolidation continues

  • Brexit brinkmanship leads, as UK says no to more EU trade talks nL8N2HA16U

  • History is unlikely to be kind to those involved in the whole Brexit process

  • UK plans one-hour COVID-19 airport tests to reopen travel Times nL8N2HA6R7

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

  • Close below 1.2898 21 DMA, a recent base, would be bearish for 1.2709 200DMA

  • Solid 1.3080 resistance, 50% Sep fall, upper 21 day Bolli & last week's top

  • Monday's 1.2888 Asian low and NY 1.3024 high are initial support-resistance

For more click on FXBUZ


gbp oct 20 Click here

Source:
Refinitiv IFR Research/Market Commentary

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