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Dec 17 - 08:55 PM

GBP/USD - USD Leads, As Brexit Talks Remain At Loggerheads

By Andrew M Spencer  —  Dec 17 - 06:35 PM
  • Flat after closing up 0.5% with EUR/GBP +0.1% - USD led, with resilient risk

  • Brexit talk pessimism nL8N2IX1WM - Ireland's Varadkar upbeat nS8N2IP031

  • The money expects a deal - oddschecker trade deal in 2020; bet 14 to win 17

  • Charts; daily, weekly and monthly 5, 10 & 21 moving averages climb

  • Strong positive trending setup targets 1.3677, 76.4% 2018-2020 fall

  • 1.3569 rising upper 21 day Bollinger band suggests overbought short term

  • This week's 1.3270 low then 1.3135 low last week initial key supports

  • NY 1.3548-1.3625 range is initial support-resistance

For more click on FXBUZ


gbp dec 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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