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Sep 13 - 03:48 AM
GBP/USD - Stalled Below 1.2385, But Positive Setup Hangs In
First appeared on eFXplus on Sep 12 - 11:40 PM
  • Flat with only occasional flow in a modest 1.2328/1.2346 range
  • EUR/GBP trades little changed in a fairly busy 0.8965/0.8974 range
  • EU's Barnier not optimistic on Brexit deal by mid-October nL5N2636V4
  • Charts - momentum studies conflict, 5, 10 & 21 DMAs climb - net positive
  • Break of this week's 1.2385 high would target 1.2469, 61.8% Jun-Sept fall
  • Close below 1.2232 rising 21 DMA would undermine the topside bias
  • NY 1.2284 low and earlier 1.2346 Asian high initial support/resistance

gbp sep 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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