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Sep 10 - 06:55 AM

GBP/USD - On Course To Revisit July Highs

By Peter Stoneham  —  Sep 10 - 04:36 AM
  • Hammer candle signal Sept 8 playing out nicely, if you are bullish

  • Thurs close above 200DMA adding to the bullish outlook

  • Sept 3 1.3890 high the initial target, daily cloud top above at 1.3911

  • A 76.4% Fibo off the recent 1.3983-1.3602 drop comes at 1.3893

  • If Frid gains hold the cloud base becomes support, currently 1.3826

  • 200DMA just below at 1.3825 then converged 10-50DMA at 1.3807

  • Weekly chart: potential long lower candle shadow adds to bullish outlook

    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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