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Apr 01 - 03:55 AM

GBP/USD - Advantage With Bears Despite This Week's Gain

By Peter Stoneham  —  Apr 01 - 02:40 AM
  • Daily action has lost its way as ranges tighten

  • Tuesday's hammer candle was followed by gains but move lacked momentum

  • Bears have an advantage while the 10DMA, 1.3161, caps, on a closing basis

  • The week's range provides initial levels to watch, 1.3052-1.3181

  • Weekly parameters widen out to 1.3000 and 1.3299

  • Weekly bear cross, 10 and 100DMAs noted could have bearing on l/t direction

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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