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Nov 17 - 07:55 AM

GBP/USD - Likely Make Or Break Above Nov 11 High

By Peter Stoneham  —  Nov 17 - 05:55 AM
  • New recovery high of 1.3256 and this negates Mon's long upper shadow

  • Back on course for the recent 1.3322 high and our offer just ahead

  • If filled would set a tight stop

  • Risk increasing for run back to 1.3481 Sep 1 high and 1.3516, Dec 2019 high

  • Weekly momentum reading remains low and long upper shadow still intact

  • Need a clear 1.3322 break to put key levels in play

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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