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Sep 24 - 09:48 PM
GBP/USD - Positive Setup, As Hard Brexit Fears Ease A Notch
First appeared on eFXplus on Sep 24 - 08:00 PM
  • Touch softer after closing +0.5% with a weaker USD and broad risk off

  • Supreme Court ruling against PM reduces no deal Brexit chances nL5N26F2HQ

  • All now comes down to can Boris get a Brexit deal on Oct 17/18?

  • Bounce leaves neutral momentum studies, 5, 10 & 21 DMAs edge higher

  • Positive setup, in the middle of the recent 1.2390/1.2580 range

  • 1.2345 rising 21 DMA provides pivotal support, close below bearish

  • 1.2589, 76.4% Jun/Sep fall is key resistance, which capped Friday

gbp sep 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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