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Jan 07 - 05:55 AM

GBP/USD - Key Days Should Concern Bulls But Demand Holding

By Peter Stoneham  —  Jan 07 - 03:53 AM
  • Market indecision becoming a feature with long upper-lower candle shadows

  • Another key day reversal Wed, adding to the Mon signal

  • Signs of bullish stress in 1.36s but long lower shadows show demand holding

  • Wed 1.3536 low now a tipping point with Dec 28 1.3429 low critical support

  • Topside and Jan 4 1.3703 high the trend resumption trigger point

  • On balance bulls maintaining an advantage but volatility clouds direction
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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