Forex - Chart GBP/USD Update: Sharply back but uptrend intact


 14:41 (GMT) 21 Sep

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Chart GBP/USD Update: Sharply back but uptrend intact (0101-DYMC-C01)

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Asterisk denotes strength of level

14:25 GMT - Sharp snap back this afternoon has cut off the upside after all, leaving Thur's rally high just short of the 38% Fib line. Today's drop back to a new low for the week looks bearish s/ term but it will include s/ term squaring after the fast Wed-Thus rise, and if GBP can be traded back to 1.3140~ on Monday the mid-Sep balance will actually continue to develop(a sideways market, if also a volatile one.) Pull below 1.2975 required to break the Sep rally/ rising value.


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