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Thomson Reuters
Apr 04 - 09:48 PM
GBP/USD - Cross Party Talks Continue As GBP Heads Lower
First appeared on eFXplus on Apr 04 - 07:25 PM
  • Flat after closing -0.7%, leading the USD higher amid Brexit uncertainty
  • May/Corbyn negotiations continue, but a viable deal is unlikely nL8N21M3KC
  • No agreement suggests a long Brexit extension, maybe election, or referendum
  • Momentum studies edge lower, 5, 10 & 21 DMAs conflict - neutral setup
  • Close below 1.2977 200 DMA would be a strong bearish signal for next week
  • NY 1.3061 low and 1.3111, 38.2% of yesterday's fall support/resistance

gbp apr 5 Click here

Source:
Thomson Reuters IFR Markets

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