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Sep 22 - 09:55 PM

GBP/USD - 1.2720 Support Is Resilient, But 1.2550 Beckons

By Andrew M Spencer  —  Sep 22 - 07:40 PM
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  • Techs; 5, 10, 21 DMAs, 21 day Bollinger bands and momentum studies fall

  • Bearish setup - 1.2721-1.2123, 61.8% Jun-Sep rise & 200 DMA is resilient

  • Sustained break would target 1.2542 , 76.4% of the June-September rise

  • 1.2603 falling lower 21 day Bolli band suggests market is not oversold

  • Sustained break of the 1.3050 falling 21 DMA needed to end downside bias

For more click on FXBUZ


gbp sep 23 Click here

Source:
Refinitiv IFR Research/Market Commentary

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