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Jul 22 - 06:55 AM

GBP/USD - Dollar Takes A Technical One-Two From Sterling

By Peter Stoneham  —  Jul 22 - 04:49 AM
  • Technicals poised to change sterling's fortunes: double signals

  • A Wednesday bullish engulfing line and close above 200DMA

  • A bull close today would confirm the candle reversal signal

  • Marginal drop under 1.3580 23.6% Fibo 1.1413-1.4250 but failed to cls below

  • Initial bull target the 10DMA, 1.3782, then 21DMA 1.3810

  • Close back below 200DMA, 1.3707, puts sterling back in bear mode

    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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