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Feb 24 - 05:55 AM
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GBP/USD - Chart Shows A Market On A Knife-Edge

By Martin Miller  —  Feb 24 - 03:45 AM

  • GBP/USD remains stuck within daily cloud, that spans 1.1902-1.2200 region

  • However as the base cloud rises there is a likelihood of a downside break

  • A downside break would put our 1.2055 long in jeopardy

  • 14-day momentum negative, but this could flip to positive at Friday's close

  • GBP/USD Trader TGM2338

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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