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Dec 14 - 01:55 AM

GBP/USD - Bid On Brexit Deal Hopes, Choppy Trading To Extend

By Andrew M Spencer  —  Dec 13 - 10:15 PM
  • +0.8% in the middle of a hectic 1.3270-1.3384 range - EUR/GBP -0.65%

  • Deadline extension well received, but little sign of compromise nL1N2IT047

  • Nobody wants to be responsible for negative impact of no deal nL1N2IT0P0

  • Charts; daily momentum studies edge lower, 5, 10 & 21 DMAs conflict

  • Neutral signals suggest further consolidation into the Brexit end game

  • Friday's 1.3135 low then 1.3108, 50% Sep-Dec rise is key support

  • December's 1.3540 trend high is the first significant resistance

For more click on FXBUZ


gbp 2 dec 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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