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Oct 01 - 06:55 AM

GBP/USD - Vulnerable As Even Rebound Risk Is Questionable

By Peter Stoneham  —  Oct 01 - 04:50 AM
  • Loss consolidation could turn into a bearish continuation pattern

  • But while below the 30DMA lower Bolli squeeze risk increases

  • Minimum correction off the 1.4250 to 1.3412 drop is at 1.3610

  • Wednesday trend low of 1.3412 now pivotal support

  • Sterling set for a fourth consecutive bearish week

  • Weeklies ugly, big tgts calling: 100WMA 1.3245 and 200WMA-cloud base 1.3161

  • Monthly action closed inside the Ichiomoku cloud: strong bear signal

    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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