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Feb 25 - 03:55 AM

GBP/USD - Counter Trend Bets Remain Extremely High Risk

By Peter Stoneham  —  Feb 25 - 02:14 AM
  • Bull trend holding up well despite heavily over bought conditions

  • Stewards enquiry over Wed high (1.4240 or 1.4295) but we run with the lower

  • Price still the wrong side of the upper 30DMA Bolli

  • The 30DMA envelope now acting as trend support: today at 1.4126

  • Slight fade in 14-day bull momentum : RSI levelling off in o/b territory

  • Considering a high risk short: will review at the next update

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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