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Thomson Reuters
May 23 - 12:12 AM
GBP/USD - Politics To Dominate Next Move - Trend Is South
First appeared on eFXplus on May 22 - 10:30 PM
  • -0.1% after closing 0.35% lower as PM May's 'new deal' sinks nL5N22Y17P
  • PM expected to step down - pro Brexit Boris Johnson is favourite for PM
  • If Boris wins, the chances of a hard Brexit will rise significantly
  • Daily charts show neutral momentum studies, 5, 10 & 21 DMAs trend south
  • Bearish setup, close below 1.2638, 76.4% 2019 rise targets 1.2409 2019 low
  • Close above the falling 1.2795 10 DMA would undermine the downside bias

gbp may 23 Click here

Source:
Thomson Reuters IFR Markets

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