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Nov 29 - 05:00 AM
GBP/USD - Top In Place And Bears Maintain Advantage
First appeared on eFXplus on Nov 29 - 02:50 AM
  • Sting taken out of the Wed rally and now indecision clouds direction

  • Tempted to sell at market, 1.2905, with tight stop above 1.2985 for 1.2775

  • However, scope for trade likely limited as pre-weekend market tightens up

  • Price still unable to close above the shallow bear channel top at 1.2929

  • Weekly unable to maintain a cloud breach: cloud top 1.2927

  • Monthlies look to have put in an Oct top at 1.3012: Nov indecision noted







GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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