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Dec 10 - 01:55 PM

GBP/USD - Rally Sellers Now Target Key Fibos

By Christopher Romano  —  Dec 10 - 11:45 AM
  • GBP/USD time spent above 10-DMA short lived, pair back below now

  • Daily RSI falls further, implies bearish momentum is growing

  • Those that sold the rallies now target key Fibos and supports

  • Series of daily lows, 38.2% Fib 1.2676-1.3540 sit 1.3190/1.3210

  • More daily lows, 50% Fib 1.2676-1.3540 sit 1.3094/1.3112

  • Rally off Sep. low intact though, dip buyers might emerge

  • The daily cloud top sits at 1.3080 & buyers might sit there

  • For more click on FXBUZ








gbp/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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