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GBP/USD Tenkan and kijun lines aligned negatively

Break below 1.5000 recently weakened market structure Traders remain short at 1.5015 for 1.4820 and have lowered stop to 1.4905 1.4905 is above today's 1.4897 session high Tenkan & kijun lines are negatively aligned, add…

By Meredith J C Warren
1 min read
GBP/USD Tenkan and kijun lines aligned negatively
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  • Break below 1.5000 recently weakened market structure

  • Traders remain short at 1.5015 for 1.4820 and have lowered stop to 1.4905

  • 1.4905 is above today's 1.4897 session high

  • Tenkan & kijun lines are negatively aligned, adding to the bearish bias

 

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