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Dec 11 - 05:55 AM
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GBP/USD - Tumbles To December Low As Risk Of No-Deal Rises

By Jeremy Boulton  —  Dec 11 - 03:55 AM

  • Brexit probability of no deal is higher than a deal-EU official nL8N2IR1RC

  • GBP/USD drops to 1.3207 a fresh low for December

  • The minimum correction target for pre-Brexit GBP/USD rise is 1.3209

  • Close in relation to monthly cloud base at 1.3227 is vital nL1N2IR0HO

  • S-term pair might gravitate towards daily cloud twist at 1.3079-86 on Dec 16

  • 50 and 61.8 retracement targets for Nov-Dec rise are 1.3106 and 1.3004

  • A close back over 21-DMA at 1.327 needed to revitalise rally



GBP/USD daily Click here

GBP/USD retracements of pre- Brexit rise Click here

Source:
Refinitiv IFR Research/Market Commentary

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