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Jun 08 - 03:55 AM

GBP/USD - Fast Averages And Major Fibos Hold The Keys

By Peter Stoneham  —  Jun 08 - 02:30 AM
  • Tuesday close above 10DMA could prove significant

  • A close above the 10WMA could trigger a reversal

  • A long lower shadow to the Tuesday candle another bullish indication

  • Major range breaker levels at 1.2411 and 1.2723, both 50% Fibos

  • We change our leaning to bullish but will wait for a breakout

  • Weeklies show a 1.2433 to 1.2666 range within the Fibos

    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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