By Peter Stoneham — Oct 07 - 01:45 AM
Sterling's bear run stalling in the 1.3070-80 area
Friday's doji candle hinting at market indecision
Rebound off the 1.3074 Friday low pulling the RSI out of its dive
Fourteen day momentum remains negative
Thick and rising daily cloud provides support at 1.3054
A 50% Fibo off 1.2666-1.3434 just behind at 1.3050
We lean bearish but will be looking for better entry levels today
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary