A tentative mood was seen in Asia-Pacific bourses following the flat performance on Wall Street, whilst Chinese Caixin Services PMI printed its second-highest reading in a decade.
GBP: strike of hope
2020-09-28 • Updated
GBP/USD made a very strong spike up to the resistance of the 100-MA. If it gets crossed, 1.30 will be the next bullish target. In the meantime, EUR/GBP got down below all the MAs aiming at 0.90 as a strategic bearish checkpoint. Keep it up, GBP - hopefully, the outcome of the Brexit talks will be as spakling as the hope of the pound to see it now...
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