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Thomson Reuters
Mar 29 - 06:12 AM
GBP/USD - On Its Knees As Market Eyes Major Support
First appeared on eFXplus on Mar 29 - 04:10 AM
  • Impressive break from ranges Thurs: near 2.0% drop from Wed's 1.3269 high
  • Running short from 1.3216, stop now 1.3135 and target 1.2960
  • Looking for rebounds to stall at 1.3080, Mar 23 low
  • Converged 10 and 21DMAs now pivotal topside, currently 1.3174
  • Weeklies shows a significant retreat from a thick and falling cloud, 1.3249
  • Longer-term bear target comes at 1.2773, low from mid-February

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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