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Jan 10 - 06:12 AM
GBP/USD - Bears Were Hammered Thursday But Outlook Clouded
First appeared on eFXplus on Jan 10 - 02:45 AM
  • Sterling bears should be worried following Thursday recovery

  • Still a bear close but near the session high, giving a hammer candle

  • Hammers are bullish but need confirmation, today's close key

  • A rebound off the 55DMA strengthens the average as a support point

  • Daily cloud top at 1.2982 backs up the 55DMA

  • On balance a buy but market still lacks direction TGM2338








GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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