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Dec 20 - 06:12 AM
GBP/USD - Recovers But Not Yet Off The Brexit Hook
First appeared on eFXplus on Dec 20 - 04:15 AM
  • Brexit reality check following election euphoria sends GBP into a tailspin

  • Charts are looking bullish for EUR/GBP with potential for strong signals

  • Weekly bullish engulfing line sets up further gains

  • A run at the Oct-Nov range top at 0.8676 possible

  • Bearish divergence on daily RSI and negative momentum but close to neutral

  • 55DMA defines the Oct 10 to Dec 13 trend, 0.8587












EUR/GBP Trader:

EUR/GBP Daily Chart: Click here

EUR/GBP Weekly Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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