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Sep 23 - 09:48 PM
GBP/USD - Levels Above 1.2500 Resilient, Correction Due
First appeared on eFXplus on Sep 23 - 07:55 PM
  • Flat after closing off 0.3%, as levels above 1.2500 are resilient

  • EU's Barnier maintains it's hard to see Brexit solution nL5N26E6FW

  • Supreme court ruling on Boris suspending parliament today nL5N26E60G

  • Charts - momentum studies, 5 DMA crest/fall, 10 & 21 DMAs still climb

  • Close below 1.2442 10 DMA, a base on this move, suggests a correction

  • 1.2333 rising 21 DMA should provide a range base, close below bearish

  • 1.2589, 76.4% Jun/Sep fall capped Friday - major resistance



gbp sep 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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