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Oct 13 - 08:55 AM

GBP/USD - Volatile But Up-Draft Just Holding

By Peter Stoneham  —  Oct 13 - 07:00 AM
  • Choppy price action early Thursday and our 1.1160 offer met

  • A high of 1.1153 achieved before another down swing took hold

  • We target 1.0920, just ahead of a 1.0910 Fibo level

  • An upside Fibo, 1.1209, provides a level to set our stop by

  • Bears need a close below the converged 21-30 day MAs, 1.1158

  • Weekly chart showing another potential hammer (bullish) candle

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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