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GBP/USD: Pair fails ahead of 38.2% fibo, hint of increasing supply (Reuters)

Analysis posted by efxnews:
Correction runs it course and the return of an offered market
21DMA fade might be out of reach as Monday's doji hints at increased supply
Stochs still flat lining while bull momentum fades
Note, 10DMA lining up a bear cross below the 21DMA
Monday failure ahead of 1.2897 Fibo, 1.3176-1.2725: 50% comes at 1.2951
Favouring the short side but waiting for a more complete bear signal
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