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Apr 14 - 11:55 AM

GBP/USD - Pivotal Support Points Close By; Trend At Risk

By Peter Stoneham  —  Apr 14 - 09:35 AM
  • New trend high of 1.2545 but signs of stress appearing

  • Fading bullish momentum and a turn over in RSI from over bought levels

  • Underlying bull trend intact for now but increasing risk of a reversal

  • We have pulled our 1.2445 bid as bearish risk builds

  • Despite a drop to 1.2465 GBP is set for a fifth straight bull week

  • A drop under 1.2445-50, Trend line and 10DMA would damage the up-trend

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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