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Jun 10 - 03:55 AM

GBP/USD - Losing Traction As Twist Comes Into Play

By Peter Stoneham  —  Jun 10 - 02:31 AM
  • Tight from the Thurs open but sterling struggling to gain traction

  • Range trade between 1.4083 and 1.4250 likely, with downside risk

  • 10 and 21 day moving averages poised to cross; strong bear signal

  • June 4 1.4083 low seen pivotal and increasing risk of a break

  • June 14 1.3914-47 cloud twist might now be in play: attracting price

  • Weekly action shows doji bullish indecision into bearish bias

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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