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Oct 08 - 08:36 AM
GBP/USD - Bear Target Met But Bigger Levels Now In Sight
First appeared on eFXplus on Oct 08 - 06:25 AM
  • Finally a clear break below the key 1.2271 support point

  • Our 1.2245 short target met on-route to 1.2227 low

  • Daily cloud base at 1.2135 and 30DMA lower bolli at 1.2096 targets

  • A close below the 1.2205 low from Oct 1 also seen critical

  • Can't rule out a run back to the 1.1959 2019 low but correction risk high

  • We might consider a short from the 10DMA line, 1.2305, on any adjustment









GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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