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Dec 06 - 02:55 AM

GBP/USD - Bulls Need A Clear Break Above 1.2761

By Peter Stoneham  —  Dec 06 - 02:10 AM
  • GBP bull run stalling at the daily kijun line, 1.2761

  • We are long from 1.2640 for 1.2810 with a trailing stop at 1.2675

  • Target is just ahead of the 200-day moving average, 1.2821

  • The 10-day moving average provides support at 1.2680

  • key support and potential reversal point at 1.2619, Dec. 2 low

  • Long lower weekly candle shadow backs up last week's bullish candle signal

  • Friday action corrective but will look for signs of a stronger pullback

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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