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Nov 14 - 06:55 AM

GBP/USD - Adjustment Risk Following Stellar Gains

By Peter Stoneham  —  Nov 14 - 04:55 AM
  • Sterling looking mildly corrective following last week's impressive gains

  • A minimum correction off the recent 1.1150-1.1855 climb comes at 1.1689

  • Key 50% retrace and potential tipping point at 1.1586

  • As price turns the Dec. 5 1.1132-69 cloud twist could come more into play

  • Levels to watch today, Friday's 1.1855 high and the 100DMA at 1.1673

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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