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Thomson Reuters
Apr 09 - 07:24 AM
GBP/USD - Merkel's Support For Backstop Time Limit Sees GBP/USD Vaults Key DMA
First appeared on eFXplus on Apr 09 - 05:00 AM
  • Merkel willing to put a 5-year time limit on N Ireland backstop nL9N21600R
  • Limit seen making it more difficult to reject May's deal nL9N21600R
  • GBP/USD jumps over 55-DMA and cloud top reaching 1.3122 then down
  • Reverse follows quickly. Doubt's Merkel ha power to grant limit surface
  • 200-HMA 1.3089 and hourly cloud 1.3052-89 may now support
  • Below 1.3050 would expose stops below yesterday's 1.3025 low

GBPUSD daily Click here

GBPUSD hourly Click here

Source:
Thomson Reuters IFR Markets

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