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Dec 03 - 02:55 AM

GBP/USD - Order Resuming After Nov 30 Shake Out

By Peter Stoneham  —  Dec 03 - 01:59 AM
  • Nov 30's volatile 1.3195-1.3371 range upset the bearish order

  • However, the bear bias is trying to re-establish itself

  • We are maintaining a short from 1.3285 for 1.3170

  • Daily action forming a bearish continuation pattern

  • Drop under 1.3263, Dec 1 low, sees resumption of bear trend

  • Topside Fibos key, 1.3438 and 1.3514 (Nov 18 high) off 1.3834-1.3195

    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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