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May 10 - 05:00 AM
GBP/USD - Long-Term Average A High Hurdle For Bears
First appeared on eFXplus on May 10 - 03:00 AM
  • Thurs rebound from ahead of 1.2959 200DMA but limited progress so far
  • Bear bias on dailies still alive and fading a s/t fibo favoured
  • We offer by 1.3075, ahead of 1.3080, 50% Fibo off 1.3190-1.2967 drop
  • Daily momentum just clinging to positive readings and RSI now flat lining
  • 200DMA now critical for bears, breach needed to open up 1.2851 Apr lows
  • Into the w/e and weeklies set to close below the cloud

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