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Thomson Reuters
May 27 - 12:12 AM
GBP/USD - Conservatives Hit, As MPs Jockey To Be New PM
First appeared on eFXplus on May 26 - 10:50 PM
  • +0.2% with EUR/GBP -0.2% - Brexit party won the EU elections nL8N2320Z5
  • Total votes show more voted remain than Brexit, but splintered nL8N2320GL
  • Conservatives to lean to the right to combat the Brexit party nL8N2320QM
  • Momentum studies conflict, 10 & 21 DMAs trend south - net bearish setup
  • 1.2638, 76.4% 2019 rise proving resilient, break targets the 1.2409 2019 low
  • Close above the tested, falling 1.2745 10 DMA would suggest consolidation
  • Asian 1.2720/1.2754 range is initial support/resistance

gbp2 may 27 Click here

Source:
Thomson Reuters IFR Markets

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