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Mar 19 - 04:55 AM

GBP/USD - Noisy Range Trade Clouds Direction

By Peter Stoneham  —  Mar 19 - 03:31 AM
  • Market is beginning to churn and our 1.3925 long play caught in the noise

  • Playing the 1.3779-1.4010 range a strategy but breakout could be sharp

  • Daily Bolli bands are narrowing, likely precursor to a big move

  • We will raise our stop on a move above 1.40 and monitor a 1.41 approach

  • Weekly action bullish but contained: bulls need a clear 1.40 breach soon

  • 10-WMA at 1.3821 pivotal trend support: trend severely damaged below

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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