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Jun 05 - 02:55 AM

GBP/USD - Looking For A Bullish Resumption After Pullback

By Peter Stoneham  —  Jun 05 - 02:15 AM
  • Pullback against the underlying bull run Tuesday

  • Sterling did close above the 10-day moving average bullish

  • New trend high of 1.2818 with the key 1.2893 Mar high a target

  • Fourteen day momentum is positive and recovering

  • Daily RSI has levelled off with a current reading of 62.00

  • June 26 1.2561-81 cloud twist shouldn't be ignored

  • Cloud twists can appear to attract

  • We lean bullish but are side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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