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Mar 16 - 04:55 AM

GBP/USD Key Levels To Determine Sterling's Fate

By Peter Stoneham  —  Mar 16 - 03:07 AM
  • Despite a long lower candle shadow Frid the market is offered

  • Last remaining Fibo retrace off 1.3779-1.4005 is at 1.3832

  • However while above Mar 5 1.3779 low we see further upside potential

  • We bid by 1.3805 and would set a tight stop below the Mar low

  • GBP continues to gyrate within 1.38-1.40 range with risk to the 1.42s

  • Close below 10WMA, currently 1.3812 could upset the order

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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