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Mar 23 - 03:48 AM

GBP/USD - FX Traders Wary Of The Big Swings

By Peter Stoneham  —  Mar 23 - 03:00 AM
  • Maintaining a recovery bias despite Frid's firm 1.1959 rejection

  • Price back outside 30DMA Bolli, 1.1720, but corrective gains the risk Mon

  • After speed and magnitude of back to back bear wks adj. the risk here too

  • Weekly Bolli is up at 1.1967 and provides key resistance

  • Weekly cloud twist above market at 1.2622-70 out to end-May might attract

  • Correction-adjustment risk the likely theme this week

GBP/USD Trader:

Refinitiv IFR Research/Market Commentary


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