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Jan 28 - 05:00 AM
GBP/USD - Can't Rule Out A Run To The 200WMA
First appeared on eFXplus on Jan 28 - 03:00 AM
  • The 200DMA finally ceded Friday: 1.0% rally and close clear above the line
  • 200DMA now support, 1.3062, and likely pivotal for the s/t bull trend
  • Studies o/b and risk of return inside 30DMA Bolli envelope Mon-Tues
  • Marginal close above 100WMA and price eyes 55DMA, upper Bolli and cloud base
  • In terms of a trend target the 200WMA at 1.3650 distant but viable
  • Corrective action needed and a return to low 1.29s possible before higher

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