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Thomson Reuters
Apr 16 - 06:12 AM
GBP/USD - Bull Run Risks More Of A Fade
First appeared on eFXplus on Apr 16 - 04:00 AM
  • Weeklies baulking at the 200WMA, 1.4231, and failure to close above last wk
  • Daily action doing likewise at the 30DMA upper bollinger line, 1.4289
  • We are short from 1.4240 for 1.4045 with a 1.4345 stop
  • Dailies are looking stretched with stochs turning over at o/b levels
  • 14-period bull momentum also beginning to fade
  • Will take a close above 1.4300 to revive underlying bull run

GBP/USD Trader:

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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