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Oct 08 - 09:48 PM
GBP/USD - Johnson's Oct 31St Brexit Stance Makes No Sense
First appeared on eFXplus on Oct 08 - 07:30 PM
  • Touch firmer, closed -0.6%, as prospects of a Brexit deal dim nL5N26T1EZ

  • As the Brexit saga continues, the UK economy feels the strain nL3N26P2YX

  • Johnson - UK to leave EU on Oct 31, though illegal, but he will obey the law

  • His position makes no sense. If he obeys the law, UK cannot leave on Oct 31

  • Charts - momentum studies slip, 5, 10 & 21 DMAs edge lower, negative setup

  • 1.2197 61.8% of the September bounce an October base, held offshore

  • A sustained break would be a bearish signal, initial target 1.2106 76.4%



gbp oct 9 Click here

Source:
Refinitiv IFR Research/Market Commentary

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