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Sep 22 - 06:55 AM

GBP/USD - Minimum Correction Risk But Big Targets Still Calling

By Peter Stoneham  —  Sep 22 - 04:41 AM
  • Bearish indecision crept into the daily chart Tues, Doji candle recorded

  • However, pointing to Fibo retracements off the 1.3640 low proved premature

  • Decline from 1.3913 Sept 14 high in need of adjustment but no signs yet

  • Minimum correction off the recent 1.3913-1.3636 drop is at 1.3701

  • Big downside levels at 1.3602 and 1.3573 still in play

  • We lean bearish with caution

    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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