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Nov 07 - 06:55 AM

GBP/USD - Volatility Contained By Big Chart Levels

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

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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