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Jun 28 - 08:36 AM
GBP/USD - Poised To Go Lower As 10WMA Shuts Door On Gains
First appeared on eFXplus on Jun 28 - 07:05 AM
  • Downdraft holding but ranges extremely tight ahead of G20 weekend
  • Converged 10, 21 and 30DMAs just preventing a deeper drop
  • 10DMA is at 1.2665, 1.2665 Friday session low
  • 14-Day momentum has flipped to negative and RSI pointing down
  • Weekly action capped by 10WMA at 1.2784, week's high 1.2784
  • Weeklies sideways between 1.2483 and 1.2839 with thick cloud at 1.2839

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

GBP/USD Weekly Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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