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Thomson Reuters
Jan 30 - 06:12 AM
GBP/USD - At A Cross Roads As 200DMA Holds Pullback
First appeared on eFXplus on Jan 30 - 03:55 AM
  • 200DMA remains pivotal, stalled the up-move and now supports the pullback
  • Bull momentum fading and stochs pointing south: 1.3055 200DMA under pressure
  • We have set a sell trigger just below the 10DMA, 1.3035 for 1.2895 100DMA
  • Would place stop at 1.3125, just above today's current 1.3117 high
  • Late Feb cloud twist below market at 1.2780 might slow further gains
  • Would also consider fading the 30DMA upper Bollinger, currently 1.3175

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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