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Jul 17 - 09:55 PM

GBP/USD - Might Get Hosed Again Unless It Clears 1.2205

By Ewen Chew  —  Jul 17 - 07:50 PM
  • GBP/USD mounts a tentative rally early Mon, last 1.1890

  • But bearish bias persists, nearest cap at 1.1905

  • Ceiling of Bollinger downtrend channel held last week

  • But stronger top at 23.6% Fibo way above at 1.2205

  • Unless that barrier is breached, downside favoured

  • British PM contenders debate tax cuts nL1N2YY0DC

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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