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Thomson Reuters
Mar 14 - 07:24 AM
GBP/USD - Forget Brexit, Focus On GBP/USD's Level
First appeared on eFXplus on Mar 14 - 05:30 AM
  • Brexit: Lots of conjecture no real conviction
  • Uncertainty does not suit a sustainable GBP move in any direction
  • That said, GBP/USD has reached levels well worth trading, suiting sellers
  • Thick weekly cloud 1.3248-1.3520 represents tough, hard to break resistance
  • 200-WMA @ 1.3586 is major resistance. No close over throughout Brexit saga
  • GBP/USD highest since last June when it topped between 1.3440 and 1.3500
  • Specs take note. These are must sell levels for non-speculative GBP traders

GBP weekly chart Click here

Source:
Thomson Reuters IFR Markets

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