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Sep 09 - 02:55 AM

GBP/USD - Friday's Long Upper Shadow Keeping Bear Bias Alive

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

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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