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Nov 26 - 03:55 AM

GBP/USD - FX Traders Might Want To Trim Longs

By Peter Stoneham  —  Nov 26 - 02:15 AM
  • New trend high just shy of 1.3400 and long lower candle shadow Wed

  • Candles suggest demand is holding despite stress on some indicators

  • 14-day momentum struggling to confirm latest gain

  • Daily RSI and slow stochs nearing over bought levels

  • Sept-Dec 1.3481-1.3516 highs the targets but not before a pullback

  • We offer by 1.3475 for potential reversal
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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