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Jan 21 - 03:55 AM

GBP/USD - Bulls Need To Make A Beachhead Above 1.3700

By Peter Stoneham  —  Jan 21 - 02:22 AM
  • Set for fourth consecutive bull session but air above 1.37 proving too thin

  • Sterling remains a buy on dips for targets above 1.40; trend holding

  • 14-day momentum readings disappointing but RSI is confirming price gains

  • Close above 1.3700 sees our 1.3540 bid raised into the 1.36s

  • 10DMA, 1.3625, likely key support for Thursday

  • Major prop and tipping point 1.3522 Jan 18 hammer low

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GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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