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May 31 - 04:55 AM

GBP/USD - Air Still Too Thin Above 1.4200

By Peter Stoneham  —  May 31 - 02:36 AM
  • Sterling continues to look uncomfortable above 1.4200

  • However, pullbacks have been shallow as range trade frustrates direction

  • Trigger points are at 1.4092 and 1.4233, recent price extremes

  • June 14 1.3914-37 cloud twist might have bearish influence

  • Weeklies trying to trend higher, 7 bull closes of 8, but stalling

  • We await the next signal before entering a trade

















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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