By Peter Stoneham — Sep 09 - 01:25 AM
Choppy Friday action resulted in a swing to 1.3238, hitting our short stop
Subsequent 1.3130 bear close and long upper shadow keeps the bear bias alive
Fourteen day momentum remains positive but is fading
Daily RSI is falling but is currently at a neutral level
Sept. 3 1.3088 low now a pivotal support point
Last week's 1.3238 high the key level topside, ahead of 1.3269 2024 high
GBP/USD trader TGM2338
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Source:
Refinitiv IFR Research/Market Commentary