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GBPUSD remains in a weak position

Posted on September 23, 2018 Written by Chart Prophet

GBPUSD just probed above the major controlling price at 1.3200. This was quickly rejected keeping the chart in a weak LT location.
GBPUSD 21st September 2018
GBPUSD 21st September 2018

 

GBPUSD controlling price 1.3200
GBPUSD controlling price 1.3200

Monitor price relative to 1.3200. Price printing time above that level would put the chart in a stronger position.

GBPUSD - price above 1.3200 would be a stronger position
GBPUSD – price above 1.3200 would be a stronger position

Speculators (leveraged money & asset managers) remain net short.

GBPUSD Speculators
GBPUSD Speculators

Filed Under: GBPUSD

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