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GBP/USD chart is showing bearish doji candle with the 10DMA crossing below 55DMA which rings alarm bells for pound sterling.
The sterling gets trapped between 200DMA at 1.2975.
The slow stochastic oscillator edging higher and 14-day negative momentum also was slowing.
The On balance Volume indicator showed sterling currency still a buy, but bullish scope limited unless the cloud gives out.
The weekly action playing out sideways below the 100 weighted moving average.
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