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Jun 11 - 02:55 AM

GBP/USD - Weekly Action Suggests FX Traders Should Look Up

By Peter Stoneham  —  Jun 11 - 02:32 AM
  • GBP extended its range base, 1.4074, and closed towards range highs Thurs

  • Bulls' advantage holding into Friday but tight trade from the open

  • June 14 1.3914-47 cloud twist losing influence

  • Risk the market settles back into its range, clouding direction

  • 14-day momentum holds positive but RSI neutral

  • On balance longs favoured while weeklies record long lower candle shadows

  • June 1 and 2021 high the target and bullish trigger point

    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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