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Jan 09 - 08:36 AM
GBP/USD - Make Or Break At The Daily Cloud Top
First appeared on eFXplus on Jan 09 - 06:50 AM
  • Resumes its slide from Tuesday's 1.3210 top and eyes major support

  • The 55DMA initial level at 1.3000, no close below the avg since Oct 10

  • Thick and rising ichimoku cloud might be bears' nemesis, top now at 1.2982

  • 1.2991 is the 76.4% Fibo of the 1.2900 to 1.3284 late Dec climb

  • Weeklies look ugly too: last week's long upper candle wick warned of losses

  • Key trigger point now the daily cloud top, we will monitor action there









GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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