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Dec 15 - 01:55 PM

GBP/USD - Shorts Are Confident Ahead Of The Fed

By Christopher Romano  —  Dec 15 - 12:26 PM
  • GBP/USD rallies above the 10-DMA, hits a 6-session high of 1.3282

  • Reversal ensues, pair turns negative, daily inverted hammer forms

  • Falling daily, monthly RSIs imply downside momentum is in place

  • Shorts remain in control but face some key impediments

  • 38.2% Fib of 1.1413-1.4250, December 2020 monthly low are nearby

  • If Fed deemed more hawkish than expected GBP/USD fall likely extends

  • For more click on FXBUZ


gbpusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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