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Nov 02 - 04:55 AM

GBP/USD - Downside Risk But Range Trading Clouds Direction

By Peter Stoneham  —  Nov 02 - 03:05 AM
  • A slight bearish advantage but tighter range trading clouds direction

  • Tuesday range extremes provide initial levels, 1.1437 and 1.1566

  • Positive 14-day momentum is fading but RSI is trying to lift

  • A 1.1131-69 cloud twist out to Dec. 5 could drag on any rebounds

  • Daily charts look set to play out sideways but with downside risk

  • We await stronger signals

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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