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Thomson Reuters
Apr 23 - 05:00 AM
GBP/USD - Volatility Drain Could Give Bulls A Chance
First appeared on eFXplus on Apr 23 - 03:05 AM
  • Volatility drain just helping to keep our long in play
  • Support at the 200DMA also providing a prop close to market at 1.2966
  • The l/t average backed up by the 100DMA at 1.2959
  • However, 14-day momentum still reflecting the drop from 1.3269 Mar 27 high
  • Weekly cloud standing over the market at 1.3068, thickening and falling
  • Cluster of weekly supports around 1.2960, tie in with 200DMA

GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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