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Thomson Reuters
Apr 04 - 11:00 PM
GBP/USD - GBP Wins The EUR/GBP Ugly Contest, As Cross Bounces
First appeared on eFXplus on Apr 04 - 08:55 PM
  • Low key Asian session with China on holiday and the upcoming US payrolls
  • GBP led USD up on Brexit uncertainty, despite weak German data nL8N21M27U
  • Cross shows neutral daily momentum studies, 5, 10 & 21 DMAs coil - no bias
  • 0.8460/70 2019 low and 38.2% of 2015/2016 rise is long term pivotal support
  • 0.8591 NY high then last week's 0.8647 top first resistance
  • London 0.8519 low then this week's 0.8503 base initial support

eug apr 5 Click here

Source:
Thomson Reuters IFR Markets

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