By Peter Stoneham — Aug 02 - 09:50 AM
A choppy Friday session and a healthy rebound in the pound
Corrective action the risk and we took a small bite of the bounce to 1.2826
Still favour sterling lower and have left an offer by 1.2850
Strong support at the daily cloud top, 1.2706
The cloud top backed up by the 100-month moving average at 1.2684
A bigger than expected bullish adjustment but still see downside risk
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary