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Nov 18 - 04:55 AM

GBP/USD - Beginning To Trend But Hurdle Ahead

By Peter Stoneham  —  Nov 18 - 02:35 AM
  • Trend developing after tidy three-day bull run and bid holding Wed

  • 30DMA upper Bolli res. at 1.3289 but a push to 1.3322 Nov 11 high is on

  • We offer just ahead of 1.3322 with a tight stop if hit

  • Those looking beyond the Nov high can target the 2020 1.3481 peak

  • There is a cloud twist out to Dec 16, 1.3079-86, that could drag on gains

  • Weekly bull bias holding above 21-200WMA and trend supp. at 1.2940















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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