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Thomson Reuters
May 04 - 05:00 AM
GBP/USD - Trapped Between 200DMA And 30DMA Bolli
First appeared on eFXplus on May 04 - 02:50 AM
  • Thursday doji suggesting market indecision surfacing
  • Could add to the counter-trend call: bid ahead of 200DMA
  • 200DMA held Thursday weakness, 1.3636 vs 1.3637 low
  • Price above the longer-term average since April 2017
  • Market below lower 30DMA line since Apr 27, o/s pointer
  • Bolli line at 1.3583, close above to open up 1.3765 10DMA

GBP/USD Trader:

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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