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Jun 29 - 07:55 AM

GBP/USD - Bearish While Below Converged Daily Averages

By Peter Stoneham  —  Jun 29 - 05:35 AM
  • A return to the lower end of its short-term daily range

  • Price contained between two Fibo retrace levels, 1.2114 and 1.2493

  • Daily momentum negative but not extending: RSI remains at neutral levels

  • On balance bearish while below converged 21-30-day moving avgs at 1.2318

  • Break below the 1.2114 Fibo to open up the 2022 1.1934 low

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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