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Sep 01 - 03:55 AM

GBP/USD - Euro Supported By Bullish Pointers Versus Sterling

By Peter Stoneham  —  Sep 01 - 02:25 AM
  • Back to back monthly Doji candles a warning to bears

  • Market indecision can lead to a change in direction

  • Monthly momentum has also flipped to positive

  • Last week's hammer candle in the reversal mix too

  • We are short from 0.8590 for 0.8505 with an 0.8630 stop

  • We are on-side but at risk from a potential Friday rebound

  • Bears need a drop under 0.8538, a 61.8% Fibo off 0.8493-0.8610

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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