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Jan 24 - 03:55 AM

GBP/USD - Bounce Off 50-Day Moving Average Kept Longs In Play

By Peter Stoneham  —  Jan 24 - 02:35 AM
  • Tues bounce off the 50-day moving average kept our 1.2695 long in the game

  • Tues 1.2650-1.2747 range provides initial key levels

  • Daily trend res. developing, line off the 1.2825 Dec. 28 high is at 1.2757

  • Fourteen day momentum clinging to positive values

  • Daily RSI trying to lift from neutral levels

  • Weeklies still contained, sideways bias holding within 1.2616-1.2846 levels

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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