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Thomson Reuters
Apr 17 - 11:00 PM
GBP/USD - EU Elections Add Spice - Setup Targets The 200 DMA
First appeared on eFXplus on Apr 17 - 09:10 PM
  • Closed a shade softer after yesterday's inflation miss nL5N21Z2G4
  • Polls suggest Farage's Brexit party will dominate EU elections nL5N21Z4AB
  • This is bad news for those working towards a soft Brexit, and likely GBP
  • Daily charts show momentum studies, 5, 10 & 21 DMAs heading lower
  • Negative setup targets 1.2971 200 DMA, a base in Apr and on the close in Mar
  • Resistance at 1.3091/98, the well tested 21 DMA and TL from the March high

gbp apr 18 Click here

Source:
Thomson Reuters IFR Markets

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