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MNI FX Technical Signal Monitor - GBP.........>

FOREX
FOREX: MNI FX Technical Signal Monitor - GBP Upside Limited
- Sterling remains defensive amid the backdrop of renewed Brexit uncertainty and
discontent surrounding PM May's leadership.
- GBPUSD touched multi-month lows of $1.2606. EURGBP closed above its 200-dma
yesterday for the first time since mid-Jan, extending the run to 13 consecutive
sessions of gains.
- The USD maintains seasonal May strength across most of G10.
- EURUSD nears the ytd Apr 26 low at $1.1112 and is currently displaying a clean
sweep of bearish sentiment, according to the MNI FX Technical Signal Monitor.
- NZD technicals are displaying outright bearish signals across G10.
- NZDUSD breached the $0.65 level and has charted a death cross (50-dma below
200-dma).
- NZDJPY printed Y71.31 and has charted a bearish triple MA crossover.
- EURNZD rallied to NZ$1.7197 and has charted a bullish MA crossover (50-dma
above 100-dma).
https://emedia.marketnews.com/marketnewsintl/MNI_FX_Signal_Monitor.png

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