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Derived real-time data in partnership with:
Thomson Reuters
Dec 04 - 09:48 PM
GBP/USD - Pivotal Support Held - Roller-Coaster Into Dec 11Th
First appeared on eFXplus on Dec 04 - 07:25 PM
  • -0.2% in Asia on D3, but it looks like a fat finger at the close
  • Parliamentary turmoil, but net a hard Brexit less likely nL8N1Y919A
  • 1.2662 August and 2018 low tested - touched 1.2659 and bounced
  • Neutral momentum studies, 5, 10 & 21 DMAs trend south - bearish setup
  • 1.2650 break would be a strong bearish signal, but theses are 2018 lows
  • NY 1.2659 low & 1.2728, 38.2% of o/n fall then 1.2750 50% support/resistance

gbp dec 5 Click here

Source:
Thomson Reuters IFR Markets

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