Easy come, easy go for the pound

Technical Analysis

Author: Justin Low | eurgbp

The pound pares most of its gains from earlier today

Cable is back just under 1.2930 with the pound easing a little bit to start the European morning. Just be wary that this time of the month there tends to be the Bundesbank factor at play for EUR/GBP as well:

EUR/GBP D1 28-11
The pair has also pared losses on the day to move to 0.8518 and technically it is a really interesting chart with key support levels set to be tested as we look towards the UK election in two week's time.

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