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Refinitiv
Feb 20 - 08:55 PM

GBP/USD - Northern Ireland Deal Key - Negative Charts

By Andrew M Spencer  —  Feb 20 - 06:40 PM

  • Steady after closing flat, with the U.S. dollar little changed

  • Talks on post-Brexit Northern Ireland trade edge closer to deal

  • Deal will need unlikely agreement of DUP and Conservative Brexiteers

  • A Brexit deal would be a strong sterling positive, failure negative

  • Charts; 10 & 21 day moving averages, 21 day Bollinger bands slide

  • Mixed momentum studies - daily signals show negative signals

  • Close above tested 1.2188 21 day moving average would end downside bias

  • Sterling initially targets a test of the 1.1842 2023 base in January

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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