Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 23 - 09:48 PM
GBP/USD - Brexit And GBP On Hold - Election Timing Pivotal
First appeared on eFXplus on Oct 23 - 07:35 PM
  • Touch softer after closing up 0.3%, as longer term shorts trim nL5N2776C6

  • EU mulling a Brexit extension, 3 months and an election likely nL5N27827V

  • No consensus within parliament, or parties, on a quick election or Q1 2020

  • 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

  • 1.2842 low in Asia yesterday and 1.2841 rising 10 DMA initial supports

  • Close below 1.2700, 38.2% of the October bounce needed to end topside bias

gbp oct 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!