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Thomson Reuters
May 23 - 11:00 PM
GBP/USD - Two Party System In Tatters, As GBP Trends South
First appeared on eFXplus on May 23 - 09:05 PM
  • Shade firmer, closed flat amid broad USD weakness, EUR/GBP closed +0.3%
  • Media confident that PM May to resign on the week of June 10 nL5N22Z0PV
  • Boris Johnson is favourite for PM, raising chances of 'no deal' nL5N22Z2HZ
  • Political outlook remains fluid, scant reason to bargain hunt nL5N22Z4Z7
  • Daily momentum studies conflict, 5, 10 & 21 DMAs trend south - bearish setup
  • Close below 1.2638, 76.4% 2019 rise would target the 1.2409 2019 low
  • Close above the falling 1.2762 10 DMA would suggest consolidation

gbp may 24 Click here

Source:
Thomson Reuters IFR Markets

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