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Thomson Reuters
May 22 - 02:36 AM
GBP/USD - Political And Brexit Turmoil Weighs - Trends South
First appeared on eFXplus on May 21 - 11:20 PM
  • +0.1%, with flow as Asia fully opened, then quiet in a 1.2702/1.2719 range
  • EUR/GBP trades at the base of a 0.8778/0.8787 range - pretty quiet
  • PM May's 'new deal' poorly received by Labour and right wing nL5N22X5EK
  • Potential new PM to herald another period of political/Brexit uncertainty
  • Daily charts show neutral momentum studies, 5, 10 & 21 DMAs trend south
  • Bearish setup targets a test of 1.2638, 76.4% of the 2019 rise
  • Close above the falling 1.2836 10 DMA would undermine the downside bias

gbp2 may 22 Click here

Source:
Thomson Reuters IFR Markets

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