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Nov 06 - 02:55 AM

GBP/USD - Euro Stages A More Decisive Downside Break Versus Sterling

By Peter Stoneham  —  Nov 06 - 02:00 AM
  • Friday's clear break below the 200DMA negated the recent range

  • Fourteen day momentum finally flips negative, confirming drop from 0.8736

  • However, daily RSI remains flat and neutral

  • Weekly action continues to pivot the 200WMA, currently 0.8683

  • Weekly momentum remains positive and RSI neutral

  • We lean bearish but will wait for stronger signals before putting on a trade

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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