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Thomson Reuters
Feb 26 - 03:48 AM
GBP/USD - Range Break Puts 2019 Top Into Play: 30DMA Bolli Ahead
First appeared on eFXplus on Feb 26 - 02:30 AM
  • The 1.3109 Feb 20 high put up little resistance in the end: break to 1.3160
  • Price now looking to the year's high at 1.3218
  • Jan 31 high and 30DMA upper Bolli ahead at 1.3161 and 1.3200 respectively
  • Daily momentum increasing and RSI beginning to confirm latest rally
  • Would look at fading the 1.3218 level but would set a tight stop and reverse
  • Wklies give stop lvls close by at 30/55DMAs and cloud base, 1.3225/ 1.3266

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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