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Sep 07 - 11:55 AM

GBP/USD - Staring At August Lows As Brexit Pain Grows

By Peter Stoneham  —  Sep 07 - 07:10 AM
  • Distant bear targets at 1.3054 and 1.2982, August lows, but viable

  • Friday bullish speed bump did little to dent bears' enthusiasm

  • Early Monday losses now extending the bear reversal

  • Support points give way at 1.3186 and 1.3176

  • Note, 14-day momentum now deeper into negative territory, confirms weakness

  • We offer at 10DMA, currently 1.3278, but will review on sub-1.3200 close















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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