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Thomson Reuters
Aug 09 - 06:12 AM
GBP/USD - Bears Remain On Course For Close Below Major Fibo
First appeared on eFXplus on Aug 09 - 04:20 AM
  • Bears are on course to register a weekly close below the major 1.2934 Fibo
  • 1.2934 Fibo, a 50% retrace of the 1.1491 to 1.4377 (2016 to 2018) rise.
  • There are near-term risks of a recovery due the near-term oversold market
  • But gains will likely to limited by Wednesday/Tuesday 1.2960/73 highs
  • Our offer has been lowered to 1.2950 as a result
  • Of course GBP/USD is struggling - it's August nL1N1UT1PX

GBP/USD Trader:

Weekly Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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