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Thomson Reuters
Oct 11 - 05:00 AM
GBP/USD - Counter-Trend Short In Play, Will Not Be Greedy
First appeared on eFXplus on Oct 11 - 02:50 AM
  • Short trigger tripped late Wed at 1.3210
  • We target 1.3020 with a 1.3305 stop: some overbought conditions on dailies
  • Early Thurs indications show potential for a long upper wicked candle
  • Underlying bias remains bullish but scope for a pullback
  • Little daily support until 1.3100-10, converged 21 and 100DMAs
  • Minor hrly support at 1.3135: will monitor on a test and cover on rebound

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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