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Mar 10 - 04:55 AM

GBP/USD - Testing Key Resistance After Thursday Rebound

By Peter Stoneham  —  Mar 10 - 03:05 AM
  • Thursday rebound out of a small Wednesday hammer candle

  • Gains extending early Friday and daily trend resistance back in the game

  • We offer by the 1.1977 line, taken off the Feb. 2 1.2400 high

  • Another rejection at the line could drop GBP back to the low 1.18s

  • A clear resistance breach targets 1.2065, March 7 high: game changer

  • Daily momentum remains negative but RSI confirming latest price lift

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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