By Peter Stoneham — Nov 07 - 05:10 AM
Volatile market but sterling is being held between key levels
The daily Ichimoku cloud base is at 1.3050 and 200DMA at 1.2814
Underlying bear bias holding and another run at 200DMA the near-term risk
Fibo retrace levels taken off 1.3434-1.2835 drop are at 1.2976 and 1.3064
Fourteen day momentum remains negative and RSI is struggling to lift
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary