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Oct 09 - 02:55 AM

GBP/USD - Weekly Bull Signal At Risk

By Peter Stoneham  —  Oct 09 - 02:00 AM
  • Volatile Friday left the pound at marginally better levels on the week

  • A weekly hammer candle setting up Monday gains

  • However, gains blunted early in the session and s/t reversal risk seen

  • A minimum correction off 1.2039-1.2261 cleared at 1.2209

  • Next Fibo off that move comes at 1.2176

  • As price stands a potential bearish harami the risk

  • We stand aside for now until signals become clearer

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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