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Sep 09 - 06:55 AM

GBP/USD - Fortunes Might Be About To Change

By Peter Stoneham  —  Sep 09 - 04:57 AM
  • Strong bull signal Wed and hammer set to gain Thurs confirmation

  • Hammer candle still significant despite no trend to reverse

  • Bulls now need to effect a break above cloud base and 200DMA, 1.3819-23

  • Natural target at 1.3890, Sept 3 high, then cloud top and 100DMA, 1.3911-17

  • Wed 1.3727 low now pivotal support and trigger point

  • Weeklies also forming a hammer, which bodes well for sterling's outlook

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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