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Thomson Reuters
May 06 - 11:00 PM
GBP/USD - Bargain Hunting As The Charts Remain Positive
First appeared on eFXplus on May 06 - 09:00 PM
  • +0.1% - closed -0.6%, as chances of a Brexit compromise fade nL5N22G0WI
  • PM May has done a feasibility study on a second referendum nL5N22I1M1
  • Neutral momentum studies, 5, 10 & 21 daily and weekly MAs tracking north
  • Bullish setup targets a test of 1.3255, 76.4% of the March/April fall
  • Yesterday's Asian 1.3190 high then 1.3255 76.4% Fibo first resistance
  • NY 1.3082 base then 1.3061, 38.2% of the April/May bounce initial support

gbp may 7 Click here

Source:
Thomson Reuters IFR Markets

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