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Oct 18 - 07:55 PM

GBP/USD - Edges Lower On Mixed Brexit Deal News

By John Noonan  —  Oct 18 - 05:50 PM
  • GBP/USD opened a bit lower after UK minister Gove said UK was prepared for 'no deal' Brexit nFWN2H70YK

  • He also struck a more optimistic note by saying the "door was still ajar" nL8N2H9007

  • GBP/USD traded to 1.2888 after closing Friday at 1.1920

  • It is now back above 1.2900 in a quiet start to the week

  • Support is at Friday's 1.2886 low and break targets1.2830/45

  • The 100-day MA is at 1.2841 and the 61.8 of 1.2676/1.3083 is at 1.2831

  • Resistance is at the 10-day MA at 1.2951 and sellers are ahead of 1.2950

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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