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Nov 08 - 04:55 AM

GBP/USD - Loss Consolidation; Minimum Correction Risk

By Peter Stoneham  —  Nov 08 - 02:37 AM
  • Price trading off its 1.3425 Frid low but remains offered

  • Decided to lift our 1.3415 bid to monitor early Monday action

  • Risk of corrective rebounds remains high but trend indicators still bearish

  • Cloud twists, 1.3660-72, out to Nov 22 and Dec 8 could influence

  • Minimum correction off 1.3834-1.3425 drop is at 1.3522

  • Weekly action mid-cloud and targets base at 1.3203

    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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