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Thomson Reuters
Jul 18 - 09:48 PM
GBP/USD - Charts Are Turning Decidedly Negative For 1.2900
First appeared on eFXplus on Jul 18 - 08:25 PM
  • Fraction firmer early after leading USD higher offshore, closing -0.35%
  • Soft inflation nL8N1UE22I & political turmoil nL8N1UE52W weighed
  • Momentum studies, 5, 10 & 20 DMAs edging lower - negative setup
  • 1.3050 June low tested post CPI, but recovered to close above
  • First significant support comes in at 1.2898, 61.8% 2017/18 rise
  • London 1.3010/1.3105 range initial support/resistance - bias lower

gbp jul 19 Click here

Source:
Thomson Reuters IFR Markets

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