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Aug 25 - 04:55 AM

GBP/USD - Stalling Weakens Bull Signals; Risk Of Reversal

By Peter Stoneham  —  Aug 25 - 02:44 AM
  • High risk counter bias trade given back to back bull signals Frid-Mon

  • Doji candle Tues hinted at market indecision, softer into Wed

  • We are short at market, 1.3723, for 1.3585 with a 1.3805 stop

  • 14-day momentum remains negative and RSI neutral

  • 10DMA at 1.3745 initial resistance then converged levels ahead of 1.3800

  • 50% Fibo, 1.3983-1.3602, and 200DMA, 1.3793-98 respectively

    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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