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Derived real-time data in partnership with:
Thomson Reuters
May 16 - 11:00 PM
GBP/USD - Major Support In View, Setup And News Are Negative
First appeared on eFXplus on May 16 - 08:50 PM
  • Flat after falling 0.3% offshore on broad based USD strength
  • BBC - cross party Brexit talks to end soon nL5N20W05E - no progress
  • PM May to agree an exit timetable after the next Brexit vote nL5N22S5JD
  • Momentum studies fall, 5, 10 & 21 DMAs trend lower bearish setup
  • 1.2773/80 major support is in view, February base & 61.8% of 2019 rise
  • Close below would bring 1.2638 into play, 76.4% of the 2019 rise

gbp may 17 Click here

Source:
Thomson Reuters IFR Markets

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