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Dec 31 - 01:55 AM

GBP/USD - Grinds Higher Toward Triple Resistance Zone

By Ewen Chew  —  Dec 30 - 10:23 PM
  • GBP/USD grinds higher to 1.3504, marginally above Thurs close

  • Continued rise depends on ability to clear Ichimoku Cloud top

  • Fri closing above 1.3565, also the 100 DMA, will unleash bulls

  • If above Fibo resistance 1.3574, momentum will be even stronger

  • 200 DMA at 1.3745 could then be targeted by longs in weeks ahead

  • Risk appetite mixed despite China PMI beating forecast nL1N2TG01P

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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