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Apr 25 - 02:55 AM

GBP/USD - Ominous Signs For Sterling As Euro Threatens To Trend

By Peter Stoneham  —  Apr 25 - 01:35 AM
  • Ominous signs for our 0.8831 short play after back to back bull sessions

  • Cross is threatening to trend higher and is back above its daily cloud

  • Daily momentum and RSI readings are confirming the price gain

  • Close above the 0.8848 cloud top would point the EUR to a 76.4% Fibo

  • The retrace level is at 0.8876, taken off 0.8924-0.8719

  • Will run our short to its tight stop

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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