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Thomson Reuters
Oct 25 - 09:48 PM
GBP/USD - Trends Towards The 2018 Low - Brexit Reality Weighs
First appeared on eFXplus on Oct 25 - 07:30 PM
  • Little changed in Asia, after closing -0.5%, leading the USD higher
  • Draghi fanned the flames of the dangers of a no deal Brexit nL8N1X57M7
  • A fast track UK WTO membership post Brexit will not happen nL8N1X57PI
  • Momentum studies, 5, 10 & 21 DMAs trend south - strong bearish setup
  • Targets a break of the 1.2787 September low, then 1.2662 August & 2018 base
  • 1.2795 NY low & 1.2900 627M strikes are initial support/resistance

gbp oct 26 Click here

Source:
Thomson Reuters IFR Markets

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