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Apr 04 - 07:55 AM

GBP/USD - Bearish As The End Of March Chart Signal Weighs

By Martin Miller  —  Apr 04 - 05:35 AM
  • Negative signal after cable closed under the 1.3166 Fibo at the end of March

  • 1.3166 Fibo is a 38.2% retrace of 1.1413 to 1.4250 (2020 to 2021) rise

  • Bearish outlook is being reinforced by 14-mth momentum that is negative

  • Good chance for a fall to test the 30-day lower bollinger-band now at 1.2926

  • GBP/USD Trader TGM2338 Related seasonality comment nL2N2VY0TT

Monthly Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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