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Oct 05 - 02:55 AM

GBP/USD - Pointing Towards September's High

By Peter Stoneham  —  Oct 05 - 02:00 AM
  • Short stop hit late Tuesday as sterling climbs to a 1.1490 recovery high

  • Minor pullback early Wed but bullish signals are building

  • 14-day momentum poised to flip positive but RSI stalling at 54

  • Main resistance at 1.1738 and 1.1826, Sept. 13 high and a 38.2% Fibo

  • To the downside 21 and 10DMAs, 1.1298 and 1.1095

  • We stand aside for now but will monitor bullish progress

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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