GBP/USD in Trading No Mans Land
Chart Prepared by Jamie Saettele, CMT
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-GBP/USD is in a tight range and previous comments remain valid. “The 10/22 outside day in GBP/USD may set the stage for resumption of the downtrend that began with the head and shoulders break in August. A break under 1.5200 (parallel support) would suggest that the next leg lower (towards the April low) is underway. Until then, Cable remains supported.”
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