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Sep 09 - 05:00 AM
GBP/USD - For GBP/USD To Rally Further It Must Hold This Key DMA
First appeared on eFXplus on Sep 09 - 02:55 AM
  • The 21-DMA @ 1.2177 continues to have a pivotal influence on GBP/USD
  • Last two moves over 21-DMA have triggered short covering
  • Traders remain heavily short pounds and many will now buy into dips
  • 21-DMA and 200-HMA @ 1.2195 will serve as support for current upswing
  • Much doubt. France against extension nL5N25Y0D5 Irish for nL9N1Z702C
  • Uncertainty should influence a paring of current bets, support pound

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Refinitiv IFR Research/Market Commentary


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