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Jun 18 - 03:55 AM

GBP/USD - Direction At The Mercy Of Key Trigger Levels

By Peter Stoneham  —  Jun 18 - 02:50 AM
  • Daily bear bias holding but not a convincing decline yet

  • A slow retrace of the Jun 15 1.2455-1.2606 rally

  • Bull momentum fading and RSI points down. 21DMA, 1.2493, to prove pivotal

  • 21DMA break to target 1.2369 cloud top

  • Tues high and 200DMA the major hurdles topside

  • Dailies more balanced and bears' advantage slim: range trade risk increasing














GBP/USD Trader:

GBP/USD daily ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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