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Thomson Reuters
Dec 05 - 09:48 PM
GBP/USD - Pivotal Support Holds, As Odds Of No Brexit Ease
First appeared on eFXplus on Dec 05 - 07:25 PM
  • Tight early after another volatile session, though an inside day
  • May struggles to sell her deal, as odds of a no Brexit ease nL8N1YA2MJ
  • Neutral momentum studies, 5, 10 & 21 DMAs trend south - negative setup
  • Question remains - Is all the bad news apart from a hard Brexit priced in?
  • 1.2650 break would be a strong bearish signal, but these are 2018 lows
  • London afternoon 1.2706/1.2798 range is initial support/resistance

gbp dec 6 Click here

Source:
Thomson Reuters IFR Markets

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