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May 12 - 04:55 AM

GBP/USD - Slumps, Hovers Above 30-DMA, Watch For A Break Lower

By Martin Miller  —  May 12 - 03:35 AM
  • GBP/USD slumped Thursday, Friday it is consolidating above 30-DMA at 1.2489

  • Those that are bearish need a break and daily close under the 30-DMA

  • That would likely lead to bigger drop to 30-day lower bollinger-band

  • The 30-day lower bollinger-band is currently at 1.2345

  • As 14-day momentum remains positive, that gives bulls hope of a recovery

  • GBP/USD Trader TGM2338

Refinitiv IFR Research/Market Commentary


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