Posts Tagged ‘08.24’
GBP/USD Classical 08.24
Author: Germina Lake
GBP/USD Classical 08.24
GBP/USD: Setbacks continue to be well supported on a close basis above the 200-Day SMA, with the market in the process of consolidating the latest declines. However, the overall structure is looking quite heavy, and the risks from here are for a clear and sustained break below 1.5500 and back towards the 100-Day SMA in the 1.5100 area over the coming days. Any rallies should be well capped ahead …
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