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Derived real-time data in partnership with:
Thomson Reuters
Jul 04 - 09:48 PM
GBP/USD - Strong Close To Leave Bulls Technically In Control
First appeared on eFXplus on Jul 04 - 07:40 PM
  • Shade higher, after closing +0.3% on strong services PMI nL8N1U01Q4
  • Momentum studies edge higher, 5, 10 & 20 DMAs coil - net neutral setup
  • Fresh bullish 5 & 10 DMA cross - 1.3244 pivotal 20 DMA capped in London
  • Close above 1.3250 would be a bullish signal for 1.3311, 61.8% June fall
  • Longer term target would be 1.3557, 38.2% 2018 fall
  • London 1.3172/1.3250 range is initial support/resistance

gbp jul 5 Click here

Source:
Thomson Reuters IFR Markets

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