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Dec 04 - 05:00 AM
GBP/USD - Bulls Wary After Losing Traction Above 1.30
First appeared on eFXplus on Dec 04 - 02:40 AM
  • Disappointing follow through after marginal breach of 1.3012 Oct 21 high

  • 1.3014 Tues high and price now sat on the upper 30DMA Bolli line at 1.2991

  • 14-day momentum remains positive but RSI beginning to diverge bearishly

  • Tues's clear bear channel break still significant, line at 1.2921 today

  • Mid-week and a clear break above the weekly cloud noted too

  • Wkly cloud top at 1.2895: 100WMA 1.3051, 200WMA 1.3103, upper Bolli 1.3121









GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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