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Feb 08 - 02:55 AM

GBP/USD - Stalling But Bulls Well Positioned For 1.38+

By Peter Stoneham  —  Feb 08 - 02:10 AM
  • Stalling again in the 1.37s but Thurs bull signal holding

  • Hammer candle into Frid confirmation and close above 1.3700

  • 14-day momentum sitting more comfortably with the underlying bull trend

  • Weekly action nicely defined by 10WMA, currently 1.3593

  • Close above 1.3673 to strengthen the bull bias

  • Underlying bull trend needs price above 1.3759 Jan 27 high this week

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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