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Thomson Reuters
May 01 - 02:36 AM
GBP/USD - Key Topside Break Needs To Be Sustained To Validate
First appeared on eFXplus on Apr 30 - 10:30 PM
  • Shade firmer, consolidating yesterday's 0.8% gain and topside break
  • Brexit optimism nL9N21601Q, but the UK press are not running hard with it
  • Month end flows were significant - today's close pivotal for topside break
  • UK shop prices fell for the first time in 6 months - BRC nL3N22C3EZ
  • Close above 1.2991 TL from March and 1.3016 21 DMA ends downside bias
  • Momentum studies rise, 5, 10 & 21 DMAs conflict - suggests consolidation
  • Early Asian 1.3020 low and NY 1.3049 high initial support/resistance

gbp may 1 Click here

Source:
Thomson Reuters IFR Markets

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