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Thomson Reuters
Aug 29 - 09:48 PM
GBP/USD - Bias Turns Positive, As Brexit Fears Ease
First appeared on eFXplus on Aug 29 - 07:30 PM
  • Shade softer, closed +1.2% - light appeared at the end of the Brexit tunnel
  • Barnier is prepared to offer UK an unprecedented deal nL8N1VK50X
  • Major issues remain, UK political infighting continues, but the door is open
  • Bullish outside day would be validated by a close above 1.3033 NY high
  • Momentum studies climb, positive 5 & 10 DMA cross of 21 DMA - bias is higher
  • Next stop 1.3095, 61.8% July/August fall - 1.2864 21 DMA pivotal support

gbp aug 30 Click here

Source:
Thomson Reuters IFR Markets

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