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Sep 07 - 09:55 PM

GBP/USD - Charts Turn Negative, As No Deal Brexit Fears Grow

By Andrew M Spencer  —  Sep 07 - 07:55 PM
  • Touch softer after closing -0.85%, as hard Brexit fears grow nL8N2G40SA

  • UK ramps up no deal preparations as EU trade talks stall nL4N2G432I

  • Brexit impact in recent months has been short lived, but end game nears

  • Staycations and home office equipment boost August UK spending nL9N2DP00I

  • Techs; fresh bearish 5 & 10 DMA cross and close below the 21 DMA is bearish

  • Negative setup targets 1.2969-1.3006, lower 21 day Bolli and Aug range base

  • 1.3139 London low and falling 1.3249 5 DMA are initial support-resistance

    For more click on FXBUZ

gbp sep 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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