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Refinitiv
Sep 01 - 04:55 AM

GBP/USD - Euro Looking Top Heavy Versus Struggling Sterling

By Peter Stoneham  —  Sep 01 - 03:50 AM
  • Steep five-day gains to 0.8663 then a pullback

  • Daily RSI screaming out over bought values but positive momentum is holding

  • We have decided to take a counter trend short at market for 0.8535

  • Stop placement above the 0.8678 previous significant high from July 1

  • High risk trade given the underlying bias

  • Weeklies still point to a 200WMA test, currently 0.8704

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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