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May 28 - 02:55 AM

GBP/USD - Bull Run Resumption Targets March 21 High

By Peter Stoneham  —  May 28 - 02:25 AM
  • May 22/23 long upper candle shadows cancelled out

  • Back to back gains and a resumption of the underlying bull run

  • March 21 1.2803 high the next bull target

  • Retracement levels off the 1.2893-1.2299 drop all removed

  • Our 1.2720 short play stop looming large just above 1.2800

  • Daily momentum and RSI readings are in over bought territory

  • There is a late June below mkt cloud twist but too far out for our short

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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