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Oct 18 - 03:55 AM

GBP/USD - Minimum Correction Monday's Objective

By Peter Stoneham  —  Oct 18 - 02:09 AM
  • Bull run stalling just ahead of the thin daily cloud, 1.3778-1.3781

  • Trend resumption above Friday's 1.3773 high

  • Minimum correction off 1.3412-1.3773 Sept 29-Oct 15 climb at 1.3688

  • Oct 25 1.3767-78 cloud twist could limit corrective weakness

  • A close below 1.3730 55DMA to weaken the cloud pull

  • Close back above weekly cloud Friday added to bullish risk for this week

    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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