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Jul 19 - 05:55 PM

GBP/USD - Ends Woeful Fredom Day Session On A Low Note

By Burton Frierson  —  Jul 19 - 04:37 PM

  • Sterling weak into the close of "Freedom Day" session, striking a low of 1.3655

  • U.S. issues 'Do Not Travel' advisory for UK over COVID-19 nL1N2OV1TS

  • On its way to closing below the 200-DMA; probed below the March and April lows

  • Skidded to a stop just before the 38.2% Fibo of the rise since Sept at 1.3649

  • 23.6% Fibo of the entire low-to-high pandemic range comes in at 1.3580


GBP/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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