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Thomson Reuters
Oct 30 - 05:00 AM
GBP/USD - Bears In Control But Need To Clear Lower 30DMA Bolli
First appeared on eFXplus on Oct 30 - 03:15 AM
  • Strengthening 14-day negative momentum confirming bear trend
  • Price is struggling to clear the 1.2796 lower 30DMA Bolli line however
  • Selling into up-ticks remains favoured strategy while below 1.2927 10DMA
  • Short play to target the 1.2662 August 15 significant low
  • Would place buy stops above the 1.297+9 daily cloud base
  • Flat for now and looking for better bear entry levels

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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