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Oct 11 - 07:55 AM

GBP/USD - Breakout Stalling But Twists Might Help

By Peter Stoneham  —  Oct 11 - 05:46 AM
  • Attempting to break higher from a bullish continuation pattern

  • Early high of 1.3674 looked promising but stalling has set in

  • Above market cloud twist Friday might have helped sterling

  • Another twist, 1.3666-77, on Oct. 25 could also attract price

  • On balance the risk is skewed to the topside and buying dips favoured

  • Below 1.3545 Oct. 6 low and the bull pattern is negated. (PS)

    For more click on FXBUZ

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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