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Nov 23 - 06:55 AM

GBP/USD - Risk Of A Rebound Away From The 2021 Low

By Peter Stoneham  —  Nov 23 - 04:35 AM
  • Sterling remains offered but is nearing the 1.3354 2021 low

  • We have left a bid by the low to position for a rebound

  • Most pointers are bearish but a cloud twist might influence

  • Twist is out to Dec 8 at 1.3663-70

  • 14-day momentum confirming drop and RSI has room to fall

  • If taken long will set a tight stop below 1.3300 for 1.3510

    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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