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Oct 04 - 03:55 AM

GBP/USD - Friday Rebound Eyes A Minimum Correction Level

By Peter Stoneham  —  Oct 04 - 02:05 AM
  • Sterling's three-day slide halted at 1.3093 Thursday

  • Mild corrective action early Friday

  • A minimum adjustment of the 1.3434-1.3093 drop is at 1.3173

  • Damage to short-term 1.3003-1.3434 bull trend but longer-term trend intact

  • Friday risk remains skewed to the downside with studies not yet over sold

  • We will monitor price action on any stronger rebound

  • GBP/USD trader TGM2338

    For more lick on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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