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Nov 29 - 01:55 PM

GBP/USD - The Doji May Have Been Only A Pause

By Christopher Romano  —  Nov 29 - 12:45 PM
  • GBP/USD fell to an 11-month low Friday then rallied into positive territory

  • Large daily doji candle formed but may have been a pause in the down trend

  • Today's rally above Friday's high stalled at 1.3361, sellers emerged

  • Pair turns negative on the session and a daily inverted hammer forms

  • Daily RSI diverges, monthly RSI falls further, implies downside momentum

  • Break of Friday's low puts Dec 21 (1.3190) & 11 (1.3135) lows in play

  • For more click on FXBUZ




gbpusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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