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Dec 08 - 02:55 AM

GBP/USD - Signs Of Trend Fatigue In The Low 1.32S

By Peter Stoneham  —  Dec 08 - 01:54 AM
  • Price ranges are tightening and the underlying bear trend looking tired

  • Momentum readings likely to fade and RSI values are diverging

  • Corrective risk increasing: trend defining 10DMA could come under pressure

  • Minimum correction off 1.3834-1.3195 drop is at 1.3346

  • Tighter levels for Wed at 1.3282 10DMA and 1.3209 Tues low

  • We remain short from 1.3285 for 1.3170

    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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