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Derived real-time data in partnership with:
Thomson Reuters
Feb 06 - 07:24 AM
GBP/USD - Offers Expected Near 1.30 If 21DMA Vaulted
First appeared on eFXplus on Feb 06 - 05:00 AM
  • Cable ran into resistance just shy of 1.2975 after rallying off 1.2926
  • 1.2975 is the 21DMA. 1.2926 was the early Europe low nL1N20108S
  • More offers expected near 1.3000 if GBP/USD extends north
  • Cable slid through 1.3000 after UK service PMI miss Tuesday nL5N2002O4
  • EUR/GBP down to 0.8780 after German industry orders sink nL5N2011KN
  • 0.8780 is the low water-mark since Tuesday's two-week high of 0.8821

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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