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Jun 03 - 06:55 AM

GBP/USD - Fibo Breaks Needed To Fire Up This Market

By Peter Stoneham  —  Jun 03 - 05:25 AM
  • Second UK bank holiday and price action tightens

  • Dollar taking a breather offering sterling some upside room

  • Away from the current consolidation trigger points at key Fibos

  • Supp 1.2411, 50% of 1.2156-1.2666: resistance 1.2723 50% 1.3290-1.2156

  • Tighter levels: 1.2459-64 21/30-DMAs and 1.2583 10DMA line

  • Potential for a 1.2666 weekly double top

    For more click on FXBUZ







GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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