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Apr 24 - 03:55 AM

GBP/USD Mixed Signals Could Drag On Sterling Recovery

By Peter Stoneham  —  Apr 24 - 02:45 AM
  • Monday hammer candle (bullish) into strong Tuesday confirmation

  • Our long play just on-side and stop raised

  • Sticky price action early Wednesday and risk of pullbacks

  • Fibo levels taken off 1.2893-1.2299 drop are at 1.2526 and 1.2596

  • Fourteen day momentum still reflecting recent sharp losses

  • Daily RSI showing signs of bearish divergence

  • Will hold long for now but today's close now key

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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