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Posted by on in Miscellaneous

GBPUSD bear trend extension risk into October

·         A lower low and lower high Monday to reinforce the push below 1.6245 on Friday, as we had expected to leave risk to the bottom of the broad range seen as 1.6525 to 1.6162.

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

GBPUSD bear trend extension risk for late September

·         We stated in our last report that “whilst below 1.6525, we still look for a roll back lower after the bullish failure last Friday back from this level”.

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Tagged in: CABLE Forex FX GBP GBPUSD
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Posted by on in FX Chart Updates

GBPUSD sees cap at 1.6646, likely 1.6525 for downside risk to resurface

·         A further bounce within as now broader range environment, we now see defined by 1.6646 and 1.6162.

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Tagged in: Forex FX GBP GBPUSD USD
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Posted by on in FX Chart Updates

GBPUSD bear trend to likely continue AFTER bear gap is closed

·         A better bounce effort Wednesday after the aggressive sell off thus far this week and for September leaves the bias higher Thursday (maybe Friday too) for a close of the Monday bear gap, 1.6234-83.

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Tagged in: Forex FX GBP GBPUSD USD
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