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Dec 11 - 03:55 AM

GBP/USD - Hint Of Supply Fade But Don't Ignore The Twists

By Peter Stoneham  —  Dec 11 - 02:30 AM
  • Continues to ratchet lower towards a Dec 16 cloud twist, 1.3079-86

  • However, higher recent lows and long lower shadows hint at supply fade

  • Key supports now 1.3225-1.3245 Monday-Thursday lows

  • 30DMA also containing weakness, currently 1.3268

  • Not a classic reversal but weeklies look to have peaked

  • Note there is also a weekly twist, 1.2464-1.2510 w/e Jan 22, in the mix
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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