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Jun 18 - 03:48 AM
GBP/USD - FX Traders Again Teased By A Potential Bull Signal
First appeared on eFXplus on Jun 18 - 01:50 AM
  • May 31 hammer candle low put up little fight Monday
  • Our tight 1.2545 long stop was hit, we now stand aside
  • Early Tues modest rebound from 1.2512 leaving a long lower candle wick
  • Again the price action teasing the market with tentative bull signals
  • However, 14-day momentum remains negative and RSI back to neutral levels
  • Will watch how a potential hammer plays out today and for Wed confirmation

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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