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Thomson Reuters
Jan 30 - 08:36 PM
GBP/USD - Brexit Compromise Elusive, But Optimists In Charge
First appeared on eFXplus on Jan 30 - 06:25 PM
  • Flat early after closing +0.4% on broad Fed inspired USD weakness
  • EU are very firm on refusing to renegotiate the Irish backstop nL5N1ZU1MC
  • Market optimistic - no-deal Brexit expectations remain low nL5N1ZU2CO
  • Tough to see where the breakthrough will come from - both sides entrenched
  • 1.3050 200 & 10 DMAs support - late NY 1.3145 high first resistance
  • Daly charts remain positive, as 5, 10 & 21 DMAs head north

gbp jan 31 Click here

Source:
Thomson Reuters IFR Markets

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