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Nov 21 - 02:55 AM

GBP/USD - Constructive And Targets A 50% Fibonacci Level

By Peter Stoneham  —  Nov 21 - 01:50 AM
  • Tuesday push clear above the 100-day moving average

  • A pick up in 14-day positive momentum and RSI climbing

  • The more constructive daily chart points to a 50% Fibo

  • The 1.2592 retracement level is taken off the 1.3144-1.2039 drop

  • We have pulled our 1.2545 offer and will monitor further gains

  • The 200DMA and daily cloud top provide key support points, 1.2448-1.2428

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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