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Thomson Reuters
Aug 02 - 07:24 AM
GBP/USD - Bears Gear Up For A Dive To 30-Day Lower Bollinger
First appeared on eFXplus on Aug 02 - 04:15 AM
  • Bias is squarely on downside after the failure above 30-DMA now at 1.3170
  • Scope grows for losses to the 30-day lower bollinger-band, now at 1.3030
  • Fourteen-day momentum remains negative, the bias remains on the downside
  • 10 and 30-DMAs remain bearishly aligned, reinforcing the bearish market
  • Bulls eyed brk, hold above 30-DMA nL1N1UR067. Trump and USD nL1N1US23H
  • EUR/GBP risk grows for losses towards the 30-DMA at 0.8864, 0.8859 Fibo

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Bollinger Chart: Click here

EUR/GBP Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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