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Oct 06 - 03:55 AM

GBP/USD - Has Room To Climb As Bull Reversal Pans Out

By Peter Stoneham  —  Oct 06 - 02:45 AM
  • A reasonable Wed adjustment that could allow sterling to climb again

  • Price still feeding off the Sept. 28 bullish key day reversal

  • Close below converged 21-30DMAs needed to negate bull bias, today 1.1272-82

  • A minimum correction off the 1.0327-1.1493 climb is at 1.1218

  • Momentum readings negative but near neutral levels

  • We lean bullish but stand aside for now

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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