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Thomson Reuters
May 14 - 05:00 AM
GBP/USD - Potential 10-100DMA Bear Cross But Indecision Rules
First appeared on eFXplus on May 14 - 02:45 AM
  • Series of Doji candles continues into the new week
  • Market reluctant to push price higher or lower or leave behind 200DMA pivot
  • The average at 1.3550 and joined by the 10DMA at 1.3550
  • Bearish MA cross could re-ignite the bear trend
  • However, stronger signals needed to encourage a trade
  • Weekly chart also showing mkt indecision and bull reverse potential

GBP/USD Trader:

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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