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Aug 24 - 04:55 AM

GBP/USD - Tuesday Rebound Likely To Be Just A Speed Bump

By Peter Stoneham  —  Aug 24 - 03:35 AM
  • A late Tuesday rebound eased some over sold conditions

  • Market now set to consolidate before heading lower again

  • A bearish continuation pattern in the offing

  • A minimum correction off the 1.2277 to 1.1718 drop comes in at 1.1850

  • Price marginally back inside 30DMA Bolli envelope, base line support 1.1778

  • Rebound risk remains high but underlying bias still down

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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