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May 03 - 03:55 AM

GBP/USD - Kinsen Failure Results In Modest Rebound

By Peter Stoneham  —  May 03 - 02:35 AM
  • Tues action closed in negative territory but off its 1.2436 low

  • Failure to drop under daily Kinsen line, 1.2429, has resulted in a rebound

  • We are maintaining a 1.2510 short with a 1.2515 stop and 1.2300 target

  • Daily momentum has flipped to negative but RSI now rising

  • Topside and game only changes above 1.2584 Apr. 28 and 2023 high

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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