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Thomson Reuters
Jun 27 - 06:12 AM
GBP/USD - Bear Bias Re-Set For Sub-1.3102 Objective
First appeared on eFXplus on Jun 27 - 04:10 AM

Adding BUZZ to headline

  • Tues gains capped by the 21DMA, 1.3292 vs 1.3305: opens softer
  • Subsequent bear close has put our 1.3215 long play at risk
  • Bear cross on stochs and increased bearish momentum adding further weight
  • Initial support 1.3192 Tues low then 30DMA lower Bolli at 1.3155
  • Tues action narrowly missed being an engulfing line but still bearish
  • Our stop sub-30DMA Bolli and a break to open up new lows below 1.3102

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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