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Oct 23 - 05:00 AM
GBP/USD - Indications Bullish Adjustment Not Done Yet
First appeared on eFXplus on Oct 23 - 02:45 AM
  • Came off its 1.3012 Mon high through Tues but not aggressively so

  • Adjustment within a larger adjustment leaves GBP treading water early Wed

  • Strong bull signal from 10DMA crossing clear above the 200DMA line

  • 200DMA seen key and could attract bids if pullback deepens

  • Price back inside its 30DMA Bolli envelope

  • We await stronger signals







GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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