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Nov 02 - 01:55 PM

GBP/USD - Short-Term Signals Favor Bulls Ahead Of The Fed

By Christopher Romano  —  Nov 02 - 12:10 PM
  • GBP/USD is consolidating gains from the rally off the Oct. 21 daily low

  • A bull pennant continuation pattern in place & the 10-DMA lends support

  • GBP/USD holds above 21-DMA & daily cloud top, reinforced s-t bull signals

  • RSIs are falling however & pair can't hold above 61.8% Fib of 1.2291-1.0327

  • Fed risk looms, if less hawkish stance taken GBP/USD likely rallies

  • For more click on FXBUZ














Source:
Refinitiv IFR Research/Market Commentary

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