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May 24 - 03:55 AM

GBP/USD - Pivots 1.4150 After Friday Fall From 3-Month High

By Rob Howard  —  May 24 - 02:40 AM
  • Cable has traded a 24 pip range thus far Monday, 1.4137-1.4161

  • Calm follows 92 pip fall from 1.4233 (three-month high) pre-weekend

  • Pre-weekend fall was influenced by some profit-taking on longs nL2N2N81G4

  • 1.4233 was seven pips shy of February's 34-month high nL2N2N80T8

  • Net GBP long held by IMM speculators declined modestly in week ended May 18

  • See: nL2N2N82C9. IMM speculators have been net GBP long since early Dec

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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