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Mar 28 - 07:55 AM

GBP/USD - Bears Happy On A Close Below 1.3167

By Peter Stoneham  —  Mar 28 - 07:10 AM
  • Long candle shadows have clouded direction but within a s/t bear trend

  • We have sold into the latest rebound for a return to the 1.3000 level

  • Our stop placed above Friday's 1.3223 high

  • Momentum has flipped positive but RSI still reflecting the bearish bias

  • Close below the 10DMA, 1.3167, to keep bears happy

  • Last week's tight Doji star candle negated previous week's bull run

    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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