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Feb 26 - 01:55 AM

GBP/USD - Trampled Again; Breakdown Sets Target For 1.3860

By Ewen Chew  —  Feb 26 - 12:06 AM
  • GBP/USD trampled below 1.4000 early Fri as Asia stocks slump

  • US Treasury yields gyrate back up after slight retreat

  • 10y crawls back above 1.500%, renewing broad USD bullishness

  • GBP/USD Fri close may confirm exit from bullish channel

  • Bollinger band at 1.4017 is key to near-term recovery

  • Failing which, 21 DMA at 1.3860 is more likely outcome

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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