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Sep 14 - 04:55 AM

GBP/USD - Game Only Changes Above A 38.2% Fibo

By Peter Stoneham  —  Sep 14 - 02:35 AM
  • Back to back daily failures in the low 1.17s puts our short in play

  • Short from 1.1650, profit locked with a 1.1560 stop and 1.1420 target

  • Daily negative momentum confirming latest price drop

  • Daily RSI levelling off just above o/s values

  • Initial support at 1.1464, Sept. 8 low

  • Potential game changer above 1.1739, a 38.2% Fibo off 1.2207-1.1407

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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