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Oct 04 - 02:36 AM
GBP/USD - Real Brexit Progress Remains Elusive, More Soft Data
First appeared on eFXplus on Oct 04 - 12:15 AM
  • Trades +0.15% in a busy session with a 1.2333/1.2357 range

  • EUR/GBP saw less interest, trading a tight 0.8890/0.8895 range

  • UK business morale wilted, manufacturing led - BCC nL5N26O3Y6

  • Polls on GBP response to Brexit provide few surprises nL5N26O1TB

  • Charts - momentum studies, 5, 10 & 21 DMAs conflict, neutral setup

  • 1.2197 61.8% of the September bounce a base this week - major support

  • 1.2413 NY, and this week's high, initial resistance

gbp2 oct 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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