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Sep 30 - 02:36 AM
GBP/USD - 1.2270 Support Vulnerable - Brexit Detail Elusive
First appeared on eFXplus on Sep 30 - 12:25 AM
  • Trades quietly and little changed, at the base of a 1.2284/1.2295 range

  • EUR/GBP saw more flow - a touch softer in a 0.8895/0.8905 range

  • PM Johnson to maintain the Oct 31 Brexit deadline - illegal? nL5N26K0CO

  • Plenty of UK bluster, but still scant real policy detail nL2N26L01F

  • Charts, momentum studies, 5 & 10 DMA's fall; 1.2271 50% Sep rise held Friday

  • Sustained 1.2270 break would target 1.2197 61.8% September bounce

  • 1.2348/55, 5 & 21 DMA zone is initial significant resistance

gbp 3 sep 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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