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Mar 14 - 06:55 AM

GBP/USD - Euro's Advance Stalling As Sterling Fights Back

By Peter Stoneham  —  Mar 14 - 04:40 AM
  • Cross beginning to trend bearishly but needs to break below its cloud

  • Ichimoku cloud base is at 0.8763 and the 100DMA is at 0.8766

  • Further key support just below at 0.8755, Feb. 28 low

  • Daily momentum marginally positive and RSI's fall is slowing

  • Tempted by a long at market while above the cloud base

  • However, we will await stronger bullish indications first

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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