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Sep 20 - 04:55 AM

GBP/USD Constructive But Trend Still A Threat To Sterling

By Peter Stoneham  —  Sep 20 - 02:55 AM
  • A more constructive look to price with long lower candle shadows

  • Tempted to take a long at market but will wait for stronger signals

  • Bearish daily momentum is fading and RSI beginning to climb

  • Trigger point at 1.1510, 10-day moving average line

  • A minimum correction off 1.2277-1.1351 is at 1.1570

  • Break here could see a squeeze back to recent 1.1738 high

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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