By Peter Stoneham — Oct 24 - 04:40 AM
GBP/USD loss consolidation just below the daily cloud base, 1.2990
Negative fourteen day momentum fading fast and RSI is attempting to lift
The thin but rising daily cloud a barrier to a larger adjustment higher
Trend tracking 10DMA provides further resistance at 1.3010
Still respecting the underlying bear trend
A move above 1.3103 Oct. 15 high needed to damage the down side bias
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary