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Thomson Reuters
Oct 24 - 09:48 PM
GBP/USD - Soft Data Adds To Problems - Bears In Control
First appeared on eFXplus on Oct 24 - 07:25 PM
  • Flat in Asia after closing -0.8% amid broad risk off USD strength
  • A mix of factors resulted in a 16.2% slump in UK car exports nL8N1X465O
  • Car industry could be the canary in the coal mine if there is no Brexit deal
  • Close below 1.2900, Oct low & Fibo support leaves 5, 10 & 21 DMAs trending
  • Initial target is 1.2787/1.2811, Sep low & 76.4% august/September rise
  • Shorts here or into a bounce with a stop above 1.2925 provide value

gbp oct 25 Click here

Source:
Thomson Reuters IFR Markets

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