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Sep 11 - 04:55 AM

GBP/USD - Euro Capped Ahead Of A Thin Cloud Versus Sterling

By Peter Stoneham  —  Sep 11 - 03:00 AM
  • Long upper shadow Thursday warned of a direction change

  • Friday rally weakened the signal but early Monday losses now seen

  • Fourteen day momentum still reflects the sharp rally off 0.8525 Sept. 5 low

  • A top now in place at 0.8600 with a thin Ichimoku cloud just above

  • Cloud twists above market this week and next could drag on further losses

  • We lean bearish but will wait for stronger signals before entering a trade

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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