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Nov 22 - 03:55 AM

GBP/USD - Long Profit Booked But Still Leaning Bullish

By Peter Stoneham  —  Nov 22 - 02:14 AM
  • Friday adjustment may have freed up room for further gains

  • We closed out our 1.3365 long play at 1.3450 Friday

  • Tempted to buy at market (1.3440) but will let the early Monday dust settle

  • Might monitor price around the 1.3410 Friday low

  • Daily RSI is neutral but momentum remains negative

  • Long upper candle shadow on weekly hints at demand fade

  • On balance possibly a tighter week in prospect

  • We lean bullish and still see potential to the high 1.35s n/t

    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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