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Refinitiv
Jan 02 - 08:36 AM
GBP/USD - Tests Fibo Support Level After Break Below 1.32
First appeared on eFXplus on Jan 02 - 06:40 AM
  • Cable tests 1.3193 after extending south from 1.3266 (Asian session top)

  • 1.3193 is 23.6% Fibo of 1.2900 (Christmas Day low) to 1.3284 (NYE high)

  • Bids may emerge near 1.3150 (Monday's high) if GBP/USD continues lower

  • Year-end USD selling helped propel cable through 1.3150 on New Year's Eve

  • UK Dec final manufacturing PMI 47.5 vs 47.6 f/c nZRN000441

  • Brexit uncertainty gauge fell to six-month low in Dec - BoE nL9N26I012

GBPUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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