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Apr 21 - 04:55 AM

GBP/USD - Recovery Failed Before It Got Going

By Peter Stoneham  —  Apr 21 - 02:40 AM
  • Sterling's recovery from 1.2353 Apr. 17 low stalling badly

  • Doji candles hint at market indecision with a top at 1.2474

  • Tight price action now clouding direction

  • Initial support at 1.2403, 21-day moving average

  • Apr. 17 low a potential trigger point

  • Next big level at 1.2275, Apr. 3 low

  • Apr. 27 1.2124-26 Ichimoku cloud twist could be pivotal

  • We are side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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