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Derived real-time data in partnership with:
Thomson Reuters
May 11 - 02:36 AM
GBP/USD - Fraction Firmer - Close Significant For Trend
First appeared on eFXplus on May 11 - 12:35 AM
  • +0.1% in a low key Asia with EUR/GBP -0.1% - no UK data today
  • Momentum studies conflict, 10 & 20 DMAs head south - negative setup
  • 1.3462, 38.2% 2017/2018 climb tested - bears need a sustained break soon
  • Close above 1.3575 10 DMA would suggest consolidation next week
  • Earlier 1.3515 low & London 1.3618 high initial support/resistance
  • Reasonable interest in tight ranges - Click here

gbp2 may 11 Click here

Source:
Thomson Reuters IFR Markets

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