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Thomson Reuters
Dec 25 - 09:48 PM
GBP/USD - Higher On Short-Covering, Broad USD Weakness
First appeared on eFXplus on Dec 25 - 06:50 PM
  • GBP/USD edges up 0.1% on broad USD weakness, volatile start for US stocks
  • Resistance comes in at the 38.2 Fibo at 1.2744 which was tested Monday
  • Cable has held the rising 10 DMA well for past few sessions, today at 1.2649
  • S/t MAs and momentum studies also edge higher, supporting further gains
  • Many markets closed for holidays, FX will be thin and still jumpy

GBP daily: Click here

Source:
Thomson Reuters IFR Markets

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