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Mar 26 - 04:55 AM

GBP/USD - In Better Shape But Big Hurdles Ahead

By Peter Stoneham  —  Mar 26 - 03:00 AM
  • Thursday's change in direction being confirmed by a bullish start today

  • Not a classic reversal and could just be an adjustment phase

  • The turning point could come at the 55DMA-daily cloud top at 1.3814-1.3833

  • 14-day bearish momentum has faded and RSI climbing

  • Back to back day lows 1.3671-75 Wed-Thurs bearish resumption points

  • Key 50% Fibo off the recent 1.4000-1.3571 drop is at 1.3786

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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