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Dec 02 - 02:55 AM

GBP/USD - Bear Trend Bolstered By Sub-1.3300 Close

By Peter Stoneham  —  Dec 02 - 01:58 AM
  • Slight lift from the Thurs open but underlying bias remains down

  • We are short from 1.3285 for 1.3170 with a 1.3365 stop

  • A close below 1.3275 (Wed close) sees the stop trailed down

  • Negative momentum fading and RSI flat lining in o/s territory

  • Risk of rebound but could provide better sell levels within the trend

  • Weekly action is forming a hammer (bullish): bears beware

    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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