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Sterling generates bearish signals for rapid reversal of the session high

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short-term bulls that came after two Doji, signs show dilatory, as fast reverse followed Wed / Thu rally ran out at 1.3245. fresh weakness so far dipped to 1.3136 (61.8% Fibo 1.3070 / 1.3245 rally). fresh bearish signal could be expected in the company holiday here.

bearishly aligned overall structure is maintained and see possibilities of renewed attack on key short-term support at 1.3055 (highest base / Fib 61.8% of 1.2795 / 1.3478 upleg), breaking which is required to confirm bearish resumption.

Meanwhile, the pair continue to fluctuate within the range of short-term, which is set between 1.3055 and 1.3288.

Only sustained break above pivot 1.3288 / 1.3315 barriers would bring short-term bulls fully in the game.

Res: 1.3200; 1.3245; 1.3288; 1.3315

Area: 1.3136; 1.3100; 1.3055; 1.3000

Sterling generates bearish signals on quick reversal from session high


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