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Thomson Reuters
Jul 09 - 02:36 AM
GBP/USD - Keeps A Nervous Eye On Brexit Politics
First appeared on eFXplus on Jul 08 - 11:30 PM
  • GBP/USD higher early, but hit after David Davis resigns nL8N1U24NP
  • Still up 0.1%, range in Asia 1.3285/1.3328 after early high
  • S/t MAs positive, momentum studies mixed as slow stochs cross lower
  • Next resistance at 76.4 Fibo at 1.3372, ahead of June high at 1.3472
  • 55 DMA at 1.3405 could also slow rise, ultimate target l/t 38.2 at 1.3557
  • Support @ 10 DMA down @ 1.3200, keeps outlook slightly positive if it holds

GBP daily: Click here

Source:
Thomson Reuters IFR Markets

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