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Mar 15 - 08:55 AM

GBP/USD - Friday Volatility Leaves Market Listless

By Peter Stoneham  —  Mar 15 - 06:41 AM
  • Friday's strong recovery from 1.3865 and hammer candle noted

  • However, price a reluctant climber and key 1.4010 50% Fibo looks safe today

  • Bearish divergence on 14-day momentum also adding to sterling's soft tone

  • Some support around the 30DMA, 1.3898, stalling weakness

  • Frid 1.3865 low point key level to watch Monday: 10WMA behind at 1.3820

  • Weekly bull engulfing line and momentum gain still argue for dip buying

    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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