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Oct 19 - 07:55 AM

GBP/USD - 50% Minor Fibo A Viable Target As Price Falls

By Peter Stoneham  —  Oct 19 - 05:35 AM
  • A 50% Fibo off the recent 1.0925-1.1440 climb is at 1.1183: viable target

  • Falling daily highs under a falling trend resistance line

  • The line drawn off the August 10 1.2277 high is at 1.1408 today

  • Bearish pressure is building once more

  • Daily moving average support between 1.1183 and 1.1133

  • Bullish momentum fading fast and daily RSI has turned over

  • We lean bearish but wait for stronger signals

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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