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Mar 10 - 02:55 AM

GBP/USD Bias Swings Firmly Against Sterling Rebound

By Peter Stoneham  —  Mar 10 - 02:05 AM
  • Tuesday advance capped by the 10DMA, today at 1.3906

  • Intraday bias has swung against our 1.3865 long play

  • 14-day momentum flips to negative and RSI confirming pullback

  • Will maintain trade with a 1.3765 stop and 1.4110 target

  • Trade becomes even higher risk after bearish cross, 10DMA below 21DMA

  • March 5 1.3779 low the pivotal support, break opens up 55DMA, 1.3748

  • Still respecting Mar 5 hammer until candle low breached

    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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