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Feb 26 - 01:55 AM

GBP/USD Weekly Chart Suggests Sterling Goes Higher

By Peter Stoneham  —  Feb 26 - 01:25 AM
  • Steady start Monday but bullish weeklies keeping sterling in the game

  • Missed an opportunity to book nearly a big figure on our 1.2704 short

  • Daily action contained by cloud top, 1.2702, but momentum readings bullish

  • Failure to close above 50DMA and Feb. 13 high, 1.2677-1.2691, offers hope

  • Drop under 21-day moving average needed to upset the bullish bias

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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