By Peter Stoneham — Nov 28 - 05:15 AM
The upside Nov. 27 cloud twist passes but not after a sharp GBP rally
The Wed 1.2694 move now drawing a modest correction early Thurs
Fourteen day momentum remains negative and RSI has turned over
Price closed above the 10DMA, 1.2622, but key 1.2713 Nov. 20 high is intact
Gain consolidation likely for the remainder of the week with downside risk
We are side lined for now
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary