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Oct 22 - 08:55 PM

GBP/USD - UK Consumer Data Adds To Pressure For A Brexit Deal

By Andrew M Spencer  —  Oct 22 - 07:25 PM
  • Flat after closing off 0.5% with an inside day, as the USD bounced

  • Brexit talks intensify, little sign of compromise on key issues nL8N2HD6ZF

  • UK consumer sentiment off most since start of pandemic - GfK nL8N2HD6HN

  • Charts; momentum studies, 5, 10 & 21 DMAs head higher - positive setup

  • 1.3173, 61.8% of the September fall capped Wednesday is major resistance

  • Close below 1.2951 21 DMA, a recent base, would end the topside bias

  • 1.3038 61.8% of Wed's bounce and 1.3100 775M strikes support-resistance

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gbp oct 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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