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Sep 21 - 02:55 AM

GBP/USD - Euro Stalling Could Bode Well For Sterling

By Peter Stoneham  —  Sep 21 - 01:40 AM
  • Gain consolidation just taking the sting out of the up-move

  • Our long is on-side but at risk of a turnover in the high 0.87s

  • Daily momentum readings remain positive but RSI is over bought

  • Key support seen at 0.8712, the 10-day moving average line

  • A minimum correction level just below at 0.8681 off 0.8341-0.8786

  • Trend negated below 0.0.8627, Sept 14 low

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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