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Jun 29 - 04:55 AM

GBP/USD - Bearish Indecision Could Build Into A Rebound

By Peter Stoneham  —  Jun 29 - 02:39 AM
  • Daily action beginning to suggest bearish indecision slowing the decline

  • Still tracking the 10DMA, 1.3909, lower but ranges are tightening

  • June 21 1.3787 low the critical downside trigger point

  • A break opens up the 1.3630 200-DMA line

  • While above 1.3787 risk is for recovery back to 1.3951-1.4069 daily cloud

  • 14-day negative momentum is fading slightly and RSI remains neutral

  • Clearer, stronger signals needed before we enter a trade

    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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