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Apr 16 - 03:55 AM

GBP/USD - Bulls Could Throw In The Towel Under 1.3700

By Peter Stoneham  —  Apr 16 - 02:26 AM
  • Tight action frustrating direction and our 1.3720 long: bear bias Frid

  • Pivotal levels at 1.3705 and 1.3845, 100 and 55DMAs respectively

  • The daily cloud base is a pip higher at 1.3846: May 54 twist 1.3884-1.3903

  • Trend line off the Feb 1.4240 high is just below at 1.3822

  • Weekly less convincing: drop under 1.3670 supp could trigger deeper decline

  • Bulls need a close above the 1.3809 double day high to remove reversal risk

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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