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Sep 13 - 03:55 AM

GBP/USD - FX Traders Could Play Off Friday's Failure

By Peter Stoneham  —  Sep 13 - 01:50 AM
  • Friday's potential topside breakout failed at 1.3888, ahead of resistance

  • Sept 3 high 1.3890, cloud top 1.3911 and 100DMA at 1.3916

  • Long upper candle shadow Friday adds to bear side risk

  • Rising weekly cloud and long lower weekly shadow gives bulls some hope

  • On balance sideways risk within new 1.3727-1.3888 s/t range

  • We stand aside for now but will monitor further failures ahead of 1.39

    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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