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Derived real-time data in partnership with:
Thomson Reuters
May 07 - 11:00 PM
GBP/USD - Bounce Stalled - 1.3020 Becomes Pivotal Support
First appeared on eFXplus on May 07 - 08:40 PM
  • Flat, after closing -0.3% as Brexit deal expectations recede nL5N22J54D
  • Strong UK retail data, but the devil is in the details nL9N20202P
  • The Times carries - defiant Theresa May will stay until autumn nL3N22J6B4
  • 5, 10 & 21 DMAs conflict, but there is a fresh bullish 5 & 10 DMA cross
  • Positive bias while 1.3020/22 holds, 10 & 21 DMAs, 50% April/May rise
  • NY 1.3040 low and Asia's 1.3132 high are initial support/resistance

gbp may 8 Click here

Source:
Thomson Reuters IFR Markets

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