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Nov 10 - 02:55 AM

GBP/USD - Key Trigger Intact As Bulls Lose Traction

By Peter Stoneham  —  Nov 10 - 01:49 AM
  • Reversal out of the 1.3425 Nov 5 low hit the rocks at 1.3608 Tues

  • A doji star formed, highlighting bullish indecision

  • Neutral RSI but 14-day momentum still negative

  • Topside trigger point at 1.3630, 50% Fibo off 1.3834-1.3425

  • To the downside only minor supports ahead of the 1.3425 low

  • Early indications suggest price might drift within a tighter range

    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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