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Thomson Reuters
May 10 - 02:36 AM
GBP/USD - Tight Range, But Busy Into UK GDP
First appeared on eFXplus on May 10 - 12:20 AM
  • +0.1%, at the top of a 1.3003/1.3020 range, with strong volumes traded
  • EUR/GBP saw 0.8621/0.8635 with decent flow - US/China trade headlines led
  • GDP will be the highlight in London - see chart for our polls
  • Momentum studies crest or fall, 5, 10 & 21 DMAs conflict - neutral setup
  • A daily close below 1.2959 200 DMA would be a bearish signal for next week
  • NY 1.2967/1.3037 range is initial support/resistance

gbp2 may 10 Click here

gbd may 10 Click here

Source:
Thomson Reuters IFR Markets

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