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Jul 08 - 02:36 AM
GBP/USD - Soft, As Data And Hard Brexit Fears Continue To Cap
First appeared on eFXplus on Jul 07 - 11:25 PM
  • Some early interest, then quiet, trading -0.1% in a 1.2524/1.2533 range
  • EUR/GBP barely traded in a 0.8957/0.8958 range as the holiday season begins
  • UK firms cut investment plans as Brexit alarm hits new high nL8N2463D4
  • Charts show neutral momentum studies, 5, 10 & 21 daily and weekly MAs fall
  • Bearish setup initially targets 1.2409 flash crash and 2019 low
  • NY 1.2481/1.2560 range is initial support/resistance

gbp3 jul 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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