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Sep 19 - 02:55 AM

GBP/USD Charts Continue To Lean On Sterling

By Peter Stoneham  —  Sep 19 - 02:20 AM
  • Sterling beginning to consolidate its losses below the 200DMA, 1.2434

  • The 10DMA is poised to cross below the 200DMA, adding to downside risk

  • Daily negative momentum readings are stretched and RSI is over sold

  • Still see rebound risk and better selling opportunities

  • However, adjustments likely limited to 1.2430-34

  • The Sept. 22 1.2791-98 cloud twist not really in the game

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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