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Thomson Reuters
Mar 06 - 05:00 AM
GBP/USD Bears Tighten Their Grip On Brexit Tainted Sterling
First appeared on eFXplus on Mar 06 - 02:45 AM
  • GBP just won't roll over and die but pause in down move likely brief
  • Still very much in trouble and held to ransom by the messy Brexit process
  • Failure to close below 10DMA, 1.3170, has slowed the decline but no reverse
  • Momentum reflects Tues bounce and strong pick up from Feb 15: due to flip
  • A double day low at 1.3097 now the support and Tues 1.3198 high resistance
  • Pivotal level remains 200DMA, 1.2992: cloud top below at 1.2919

GBP/USD Trader:

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Source:
Thomson Reuters IFR Markets

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