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Thomson Reuters
Sep 05 - 06:12 AM
GBP/USD - Scope To Exploit A Bullish Adjustment
First appeared on eFXplus on Sep 05 - 04:15 AM
  • Bears in control as price consolidates losses below the 21DMA
  • However, Tues hammer signalled some supply fade
  • As such would look to exploit any corrective gains to 1.2890
  • Daily momentum remains positive but slowing to reflect recent price drop
  • The 50% Fibo of 1.2662-1.3043 is at 1.2853 and this level seen key
  • Topside and 10WMA the major resistance, currently 1.3015

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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