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Nov 23 - 03:55 AM

GBP/USD - Falling Tops Negated But Pullback Risk Increasing

By Peter Stoneham  —  Nov 23 - 02:35 AM
  • Nov 11 1.3322 high bettered and pattern of falling tops negated

  • Early Sep highs at 1.3360 the next level then key 1.3481 2020 high

  • Some o/b stress and momentum divergence noted: RSI near extremes

  • Increasing pullback risk and potential for better buy levels

  • Nov 19 hammer low could be pivotal and attract bargain hunters

  • Note, 1.3079-86 Dec 16 cloud twist also in the pullback mix
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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