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Oct 14 - 03:55 AM

GBP/USD - Major Bull Hurdle Getting Higher

By Peter Stoneham  —  Oct 14 - 02:00 AM
  • Despite a more concerted break levels above 1.30 proving tough to maintain

  • Tues reversal from 1.3080 takes price close to daily cloud base, 1.2870

  • While above the base underlying bull bias from 1.2676 still alive

  • Note, 1.2981-85 Oct 27 twist now above market

  • Weeklies developing a long upper candle shadow, bearish

  • We prefer to stand aside for now
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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