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Oct 25 - 05:55 AM

GBP/USD - Based Ahead Of Key Fibo, Market Likely See Bigger Gains

By Martin Miller  —  Oct 25 - 03:37 AM
  • GBP/USD bias remains on the upside while the 1.3734 Fibonacci level

  • 1.3734 Fibo, 23.6% retrace of the 1.3412-1.3834 rise, supports

  • Cable based on Friday at 1.3736, keeping the overall bias bullish

  • We remain long at 1.3767 for bigger gains towards our 1.3900 target

  • Bulls will likely target 200-DMA, now at 1.3851, above will accelerate

  • GBP/USD Trader TGM2338

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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