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Directional Parameters Defined

GBPUSD TECHS
  • RES 4: 1.4001 High Jun 23
  • RES 3: 1.3983/90 High Jul 30 / 61.8% of the Jun 1 - Jul 20 sell-off
  • RES 2: 1.3958 High Aug 4
  • RES 1: 1.3892 High Sep 3 and the bull trigger
  • PRICE: 1.3840 @ 05:58 BST Sep 14
  • SUP 1: 1.3801/27 20-day EMA / Low Sep 8 and key S/T support
  • SUP 2: 1.3680 Low Aug 27
  • SUP 3: 1.3602 Low Aug 20
  • SUP 4: 1.3572 Low Jul 20 and the bear trigger

GBPUSD is unchanged. Recent activity has defined near-term directional parameters at; 1.3892, a key short-term resistance and the Sep 3 high and support at 1.3727, Sep 8 low. A break of 13892 would confirm a resumption of the recovery from Aug 20 and open 1.3958 next, Aug 4 high ahead of a key resistance at 1.3983, Jul 30 high. Sub 1.3727 levels would instead signal the resumption of bearish pressure.

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