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Sep 14 - 08:55 AM

GBP/USD - Strong Rebound; Bears Shaken But Not Yet Beaten

By Peter Stoneham  —  Sep 14 - 06:50 AM
  • Strong rebound from sub-1.1500 levels hits our 1.1560 profit stop

  • Still respecting Tuesday's significant slide

  • We lean bearish while price is below 1.1739, 38.2% Fibo of 1.2271-1.1407

  • Would consider offering near that high but will stand aside for now

  • Negative momentum fading and RSI trying to lift

  • Big trigger points now 1.1407 and 1.1739

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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