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Nov 19 - 02:55 AM

GBP/USD - Pause Or Reversal; Thurs Close Critical

By Peter Stoneham  —  Nov 19 - 02:05 AM
  • Wed rally failed at 1.3312, 3-pips shy of our offer

  • Subsequent pullback leaves another lower high on the charts

  • While above 10DMA, 1.3209, the risk remains skewed topside

  • Below 1.3200 and risk increases for a return to the 1.3079 cloud top

  • Dec 1.3079-86 cloud twist in the bearish mix too

  • Weeklies showing another long upper candle shadow, bearish
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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