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May 25 - 05:55 AM

GBP/USD - Euro Searching For The Trump Card Versus Sterling

By Peter Stoneham  —  May 25 - 04:00 AM
  • Price action gives little indication of what the next trending move will be

  • We squared our 0.8717 short for modest profits Wednesday

  • Now looking at the long side with a bid placed at 0.8675

  • Long upper and lower candle shadows highlight this week's false breaks

  • Big support now at 0.8649, a 76.4% Fibo and 2023 low

  • We lean bullish but see risk as fairly well balanced

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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