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Oct 22 - 09:48 PM
GBP/USD - 1.3000 Proves Resilient, As Brexit Ducks And Weaves
First appeared on eFXplus on Oct 22 - 07:55 PM
  • +0.1%, bargain hunting into yesterdays 0.7% fall, as the Brexit saga extends

  • EU likely to approve Brexit extension, avoiding no deal Brexit nL5N27784B

  • An election looks the likely outcome, which will extend uncertainty

  • Struggles above 1.3000 - yesterday dip was an inside day - no game changer

  • Charts show daily and weekly MAs heading higher, which is a positive setup

  • 1.3045, 76.4% of 2019 fall and 1.3168 50% 2018/2019 fall strong resistance

  • 1.2791 10 DMA, then 1.2700, 38.2% of the October bounce initial supports

gbp oct 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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