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Nov 30 - 03:55 AM

GBP/USD - FX Traders Caught In Technical Cross Fire

By Peter Stoneham  —  Nov 30 - 01:49 AM
  • Price holding near the recent lows and giving off mixed signals

  • Tight Doji candles suggest market indecision: risk of bounces

  • Loss consolidation could also point to a bearish continuation pattern

  • We lean bearish but wary of corrective rebounds: scope for better sell lvls

  • Momentum readings are negative but RSI flat lines in o/s territory

  • Key triggers for Tues at 1.3278 and 1.3361, Nov 26-29 extremes

    For more click on FXBUZ

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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