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Oct 18 - 04:55 AM

GBP/USD - Bears Are Not Finished With The Pound Just Yet

By Peter Stoneham  —  Oct 18 - 04:05 AM
  • It will take a move above 1.1500 to bolster the bullish cause

  • Mon-Tues highs of 1.1440 and 1.1410 provide initial resistance

  • A trend resistance line off the Aug 10 1.2227 high comes in at 1.1425

  • A neutral daily RSI and fading positive momentum lean bearish

  • Tipping point at 1.0910, 50% Fibo off 1.0327-1.1493, seen pivotal

  • Recent range extremes 1.1493-1.0925 and risk of near-term range trade

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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