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Aug 12 - 09:48 PM
GBP/USD - 1.2000 Is Resilient, But The Trend Remains Lower
First appeared on eFXplus on Aug 12 - 07:40 PM
  • Flat after closing +0.4% on Italy led EUR/GBP selling nR1N23K010
  • EUR/GBP closed -0.3% and is a touch firmer in early Asian trading
  • Bounce leaves 5, 10 & 21 daily, weekly and monthly MAs tracking south
  • Strong bearish technical setup targets a test of the 1.1983 2017 low
  • Close above 1.2122 10 DMA, which has capped since mid July would undermine
  • EU to cave in to save Ireland from 'no-deal' Brexit -the Sun nFWN2580UH

gbp aug 13 Click here

Source:
Refinitiv IFR Research/Market Commentary

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