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GBP/USD bulls are losing their breath

The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar.

Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days. The bearish pattern also happens in the context of a 14,3,3-sensitive stochastic tracking above the 80 mark. Although this oscillator assumes that prices tend to close near their high in an upwardly trending market, it should now react with any eventual daily close near the lows.

Traders might seach for this price confirmation as well as an invalidation of the pattern in the form of a new daily high.

NZD/USD trivial bids challenge strong bearish trend

NZD/USD is currently trading at 0.6675 with a high of 0.6783 and a low of 0.6651.
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UK data hindered by the pound? - ING

Analyst at ING, James Knightly, explained that yesterday’s surprise jump in the manufacturing PMI is at odds with other survey evidence suggesting sterling strength and weak external demand is holding back the sector.
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