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Jun 25 - 06:55 AM

GBP/USD FX Traders Respecting Sterling's Cloud

By Peter Stoneham  —  Jun 25 - 04:51 AM
  • Could be building for another break lower as cloud base caps

  • However, widening Bollinger lines hint at further consolidation

  • Bearish 14-day momentum increasing and RSI pulls lower from neutral levels

  • Weeklies positive but bearish risk while below 1.4019 Fibo

  • Retrace level is 1.4019 off 1.4250-1.3787 drop. We stand aside for now

  • Monthly chart needs a 1.4250 breach to put bulls back in control

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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