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Nov 13 - 08:36 PM
GBP/USD - Hovers Around 1.2850, As Johnson Dominates Polls
First appeared on eFXplus on Nov 13 - 06:20 PM
  • GBP has found a sweet spot, trading around 1.2850 for the last 3 days

  • Latest poll shows the Conservative with a healthy 10pt lead nL8N27T83S

  • Bookmakers have a Conservative majority strong odds on favourites at 8/15

  • Polls and the money have a shaky track history, but it is a strong bias

  • Charts - momentum studies, 5, 10 & 21 DMAs conflict/flat line - no bias

  • Range is 1.2770/1.3010 - topside the weak one on a Conservative majority win

  • 1.2700, 38.2% October rise should hold a correction, unless the USD surges

























gbp nov 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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