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Refinitiv
Jan 09 - 08:36 PM
GBP/USD - Brexit Done, Focus Returns To The USD And UK Data
First appeared on eFXplus on Jan 09 - 06:25 PM
  • Flat after closing -0.2%, as dovish BoE Carney comments weighed nL8N29E2J6

  • Brexit is done in parliament, now comes tough EU trade talks nL8N29E3FL

  • EU negotiations unlikely before March, so the USD & UK data to lead

  • Neutral charts, momentum studies flat line, 5, 10 & 21 DMAs conflict

  • 1.2900 Dec low, 1.3281/84 61.8% Dec fall and Dec 31 high, are broad range

  • Resistance starts at the early London 1.3122 high, then 1.3135 350M strikes

  • 1.3065 230M strikes, then 1.3014 NY low are initial support



gbp jan 10 Click here

Source:
Refinitiv IFR Research/Market Commentary

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