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Nov 18 - 08:55 AM

GBP/USD - Euro Turning Up And Sterling Displaying Fatigue

By Peter Stoneham  —  Nov 18 - 06:50 AM
  • Rebound out of a new trend low and we have an offer in play at 0.8410

  • Sharp four-day slide offers little resistance until 0.8480 30DMA

  • On the base: 30DMA lower Bollinger at 0.8380: trend low 0.8384

  • 14-day negative momentum has faded and RSI is turning up

  • Our short, if triggered, will be at risk to a trend reversal

  • Weekly action still heavily bearish: we look for rebounds to be short-lived

    For more click on FXBUZ

















EUR/GBP Trader:

EUR/GBP daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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