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Nov 25 - 02:55 AM

GBP/USD - Trend Becoming More Established; Trade In Trouble

By Peter Stoneham  —  Nov 25 - 02:18 AM
  • Another new low for the year at 1.3317 Wed

  • Our 1.3360 long is still in play but just out of the money

  • Mildly corrective early Thurs but bear trend looks established

  • Minimum correction off 1.3834-1.3317 is at 1.3439

  • Unlikely to see much of a correction for remainder of the week

  • Closes will be significant for our counter trend trade

  • Above Wed's 1.3388 high would improve our chances

    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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