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Thomson Reuters
May 07 - 03:48 AM
GBP/USD - In The Mire At Converged 200DMA/30DMA Bolli
First appeared on eFXplus on May 07 - 01:40 AM
  • Hints of a retrace as price attempts to lift out of Friday's 1.3487 low
  • Trying to regain ground above both 200DMA and lower 30DMA Bolli
  • Negative 14-day momentum losing some pace
  • Slow stochs sideways at slightly elevated levels
  • We look for a pullback near 1.3700 to enter short position
  • Looking for a return to Dec 15 low by 1.3300

GBP/USD Trader:

Source:
Thomson Reuters IFR Markets

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