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Derived real-time data in partnership with:
Thomson Reuters
May 14 - 11:00 PM
GBP/USD - 1.2900 Strikes - Bias Is Lower - 1.2850 Vulnerable
First appeared on eFXplus on May 14 - 08:40 PM
  • Flat after closing -0.4% on the firmer USD and soft wage growth nL5N22Q2P5
  • UK PM's deal set for third vote in June, but still no progress nL5N22Q1QL
  • Daily signals are bearish, momentum studies, 5, 10 & 21 DMAs head lower
  • Sustained 1.2958 200 DMA break targets a test of the 1.2851 April low
  • Below lies major 1.2773/80 support, Feb base and 61.8% of the 2019 rise
  • 1.2900 322M strikes and 1.2928 NY afternoon high support/resistance

gbp may 15 Click here

Source:
Thomson Reuters IFR Markets

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