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Mar 02 - 03:55 AM

GBP/USD - FX Traders Look To Feb 17 Tipping Point

By Peter Stoneham  —  Mar 02 - 02:10 AM
  • Four day slide just dips below the 21DMA and our 1.3895 bid filled

  • Counter bias trade looks for return to the high 1.41s with a sub-1.38 stop

  • Feb 17 1.3830 low seen pivotal; bears cement control below

  • 61.8% Fibo at 1.3823 off 1.3566-1.4240 climb: 76.4% retrace at 1.3725

  • Topside and the 10DMA the initial hurdle, 1.3990

  • 14-day bull momentum fades significantly: RSI sharply lower from o/b levels
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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