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Thomson Reuters
Feb 07 - 03:48 AM
GBP/USD - 1.2900 Pivotal Support, As PM May Hopes For A Break
First appeared on eFXplus on Feb 06 - 11:05 PM
  • Flat in a 1.2928/1.2938 range with little interest after an early flurry
  • May is off to Europe, needing further concessions - good luck nL5N2016TQ
  • Bearish 5 & 10 DMA cross & 5 & 21 DMA cross tomorrow - net negative setup
  • Close below 1.2909, 38.2% of the 2019 bounce would be a bearish signal
  • Bids around 1.2920 then 1.2909 Fibo support are initial support
  • NY 1.2979 high then 1.2981/85 21 & 5 DMAs first resistance

gbp feb 7 Click here

Source:
Thomson Reuters IFR Markets

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