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Refinitiv
Jan 10 - 02:55 AM

GBP/USD - Looking To The Weekly Chart For Break Out Levels

By Peter Stoneham  —  Jan 10 - 02:00 AM
  • A pullback on the daily chart but still contained on the weekly

  • A golden cross, 50DMA above 200DMA, giving some direction

  • Key levels to watch, 1.2600 weekly cloud top and 200WMA at 1.2840

  • We lean bullish and have a bid placed at 1.2615 for a 200WMA break

  • A tight stop would be set below the weekly cloud

  • Momentum readings are positive but weekly RSI now falling

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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