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GBP/RUB Breaks 200dma, 100 Support Eyed Below

RUSSIA
  • RUB strength driven by firming oil markets and a hawkish CBR has seen is gain +3.41% against the point in June
  • Price action is now looking to consolidate a break of the 200dma at 102.0981, and drift towards 100 round number support.
  • A break below here opens up 97.79 & 95.86 to the downside
  • The RSI is teetering on oversold territory, while the MACD trades well below the zero line.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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