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Aug 22 - 07:55 AM

GBP/USD - REFILE-BUZZ-GBP/USD Diverging Bollinger-Bands Point To Volatile Trading

By Martin Miller  —  Aug 22 - 05:35 AM

changed "lowered" to "lower" on 4th line

  • Cable has edged higher on Thursday to hit a new 2024 high

  • Despite being in overbought territory circa the 30-day upper bollinger-band

  • The 30-day upper bollinger-band is currently at 1.3096

  • 30-day lower and upper bollingers are diverging = volatile trading

  • Those hoping for a relapse should be mindful of positive 14-day momentum

  • GBP/USD Trader TGM2338. Previous update nL1N3K70AV

Source:
Refinitiv IFR Research/Market Commentary

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