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Sep 08 - 05:55 AM

GBP/USD - Charts Are Looking Ugly; Sub-1.3700 Levels Calling

By Peter Stoneham  —  Sep 08 - 04:39 AM
  • Price lining up another key trigger level, 50% 1.3602-1.3890 at 1.3746

  • Removal of cloud base, 200DMA and 55DMA support seen this week

  • Daily momentum still reflecting last week's rally but set to decline

  • Below the 1.3746 Fibo further support at 1.3732 and 1.3679 recent lows

  • We lean bearish while below the 1.3820 200DMA but are side lined for now

  • Weekly action threatening a return to the 1.3669 cloud top

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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