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Jun 28 - 01:55 PM

GBP/USD - Struggling To Hold A Slim Advantage

By Peter Stoneham  —  Jun 28 - 11:59 AM
  • Sterling struggling to maintain a bid having failed at 1.3938

  • Long upper candle shadow hints at demand fade

  • 14-day momentum remains heavily skewed to the downside

  • Daily RSI trying to lift but holding near neutral levels

  • Key 50% Fibo retracement at 1.4019 looks to be out of reach

  • A drop under Friday's 1.3870 low to open up 1.3787 June 21 tipping point

    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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