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Nov 27 - 03:55 PM

GBP/USD - Long Lower Shadow Hints At Trend Holding

By Peter Stoneham  —  Nov 27 - 12:40 PM
  • Indecision creeps into GBP/USD ahead of weekend: price balanced at 1.3355

  • Underlying bull trend holding as market just flips to positive on the day

  • Beginning to look like a 1.3300-1.3400 range with base supported by 10DMA

  • Daily cloud twist out to mid-Dec, 1.3079-86, a warning to bulls

  • Weeklies bullish but also have below mkt cloud twist: late Jan 1.2464-1.2510

  • We maintain a 1.3475 offer ahead of the key 1.3481 2020 high
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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