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Jun 17 - 11:00 PM
GBP/USD - Fresh Lows, As No Deal Brexit Gains Traction
First appeared on eFXplus on Jun 17 - 08:45 PM
  • +0.1%, early bargain hunting into yesterday's 0.5% fall and fresh 1.2532 low
  • Boris as PM and the rising chances of a no deal Brexit weigh nL8N23O175
  • Contenders for PM say UK must leave on Oct 31, deal or no deal nL8N23O1GJ
  • Momentum studies head lower, daily and weekly 5, 10 & 21 DMAs fall
  • Bearish setup now targets the 1.2409 flash crash and 2019 low
  • Psychological 1.2500 and NY 1.2606 high initial support/resistance

Source:
Refinitiv IFR Research/Market Commentary

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