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Jun 13 - 03:55 AM

GBP/USD - Could Go Sub-1.2000 After A Small Adjustment

By Peter Stoneham  —  Jun 13 - 02:10 AM
  • Sterling looks set to resume its longer-term bear trend

  • A drop under the May 13 1.2156 year's low the risk

  • Support points of note thin out below 1.2156

  • Below 1.2075 May 2020 low opens up key 1.1445-1.1413 lows from Mar 2020

  • Daily negative momentum has faded slightly and price is trying to adjust

  • Any corrective action to provide better short entry levels

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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