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Thomson Reuters
Apr 03 - 05:00 AM
GBP/USD - Brexit Optimism Driving A Strong Three-Day Reversal
First appeared on eFXplus on Apr 03 - 02:50 AM
  • Unfounded or not the Brexit optimism trade is on: 3-day lift out of 1.2977
  • A dip inside the thick daily cloud not enough to embolden bears Tues
  • Rebound into the close formed a hammer Doji, strengthening reverse potential
  • Above the converged 21/30DMAs, 1.3165, opens up 1.3269 Mar 27 high
  • Fly in the ointment, negative momentum, still reflecting 1.3269-1.2977 drop
  • Major levels at 1.3065 cloud top, 1.2978 200DMA, 1.3269 and 1.3380 Mar 13 hi

GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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