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Thomson Reuters
Feb 04 - 06:12 AM
GBP/USD - 200DMA Seen Key To Near-Term Direction
First appeared on eFXplus on Feb 04 - 03:50 AM
  • 200DMA support growing in importance and pivotal to near-term direction
  • Bear bias from recent 1.3218 high putting pressure on the 1.3045 average
  • A break would open up a run to 1.2814, 50% Fibo 1.2409-1.3218
  • The 21 and 100DMAs provide interim supports at 1.2958 and 1.2903
  • Weeklies continue to struggle on approach to 1.3266 cloud base
  • Weekly stochs turning over and positive momentum fading

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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