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Jun 30 - 04:55 AM

GBP/USD - FX Traders Could Play The 10DMA Line

By Peter Stoneham  —  Jun 30 - 02:39 AM
  • Inexorable push lower and set for a test of key support

  • June 21 1.3787 low likely to attract profit taking but breach risk high

  • Price continues to track tight below the 10DMA, today 1.3892

  • Corrective action could trigger more of a squeeze above

  • Cloud base and 100DMA key resistance at 1.3711

  • Favour fading rebounds but will monitor price at the 100DMA

    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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