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Refinitiv
Aug 26 - 09:48 PM
GBP/USD - USD Leads Until The Drama In Parliament Next Week
First appeared on eFXplus on Aug 26 - 07:40 PM
  • Touch firmer after an inside day, closing down 0.5% on broad USD strength
  • Boris is prepared to take Brexit talks to the wire nL5N25M4A1
  • 39Bln EU bill must be paid if UK exits without a deal nL5N25M26E
  • Charts show a base above 1.2000; and 1.2309, 38.2% June/August fall caps
  • Close above 1.2309 would be a bullish short term signal
  • Daily momentum studies, 5, 10 & 21 DMAs conflict - little bias
  • NY 1.2208/1.2244 range is initial support/resistance

gbp aug 27 Click here

Source:
Refinitiv IFR Research/Market Commentary

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