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Jan 06 - 02:55 AM

GBP/USD - Demand Builds For A Run At Monday's High

By Peter Stoneham  —  Jan 06 - 02:17 AM
  • Monday's bearish key day signal failing to draw confirmation

  • Potential back to back up days puts underlying bull trend back on track

  • Trend high at 1.3703 initial resistance as early Wed squeeze builds

  • 14-day bull momentum positive and RSI rising

  • Weekly momentum, barring one week, positive since June: bullish

  • A buy on dips market but we await next signal

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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