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Oct 30 - 05:55 AM

GBP/USD - Sharp Bearish Jolt For The Euro Versus Sterling

By Peter Stoneham  —  Oct 30 - 03:35 AM
  • Gain consolidation above the 200-day moving average, 0.8694

  • A sharp bearish jolt early Monday brings our 0.8700 bid into sight

  • Recent daily extremes, 0.8740 and 0.8683, provide the trigger points

  • A minimum correction off the 0.8493-0.8740 climb is at 0.8682

  • If our bid is filled we target levels just above 0.8800

  • The stop would be placed below the 0.8662 Oct. 18 low

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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