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Thomson Reuters
Jul 11 - 05:00 AM
GBP/USD - Key Day Reversal Still Has Bearish Influence
First appeared on eFXplus on Jul 11 - 02:45 AM
  • Direction lost and flat-lining averages suggest sideways bias to hold
  • On balance the bearish key day reversal from July 9 still has influence
  • Fading up-ticks the favoured strategy with sub-1.3189 the objective
  • Thick and falling daily cloud and fading bull momentum add to the bear call
  • Key levels provided by key day, 1.3363 and 1.3189

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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