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Jun 15 - 05:55 AM

GBP/USD - Needs An Adjustment To Keep The Trend Healthy

By Peter Stoneham  —  Jun 15 - 03:55 AM
  • Sharp five-day slide to 1.1934 and early Wed 1.2040 rebound

  • Underlying bear trend has quashed bottom pickers and the risk remains high

  • However, daily momentum has faded slightly and RSI lifts from 30.00

  • A minimum correction level is at 1.2107, this may prove a pullback too far

  • The 30DMA lower Bolli is close by at 1.2089

  • Rebound risk is high but trend intact and in-play

    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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