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Dec 04 - 07:24 AM
GBP/USD - Marginal Tech Break Turns Into Full Blown Rally
First appeared on eFXplus on Dec 04 - 05:00 AM
  • A more convincing rally following Tuesday's marginal break above 1.3012

  • Run to 1.3063, new highs since May, now levels above 1.32 the objective

  • Weekly breakout from ichimoku cloud significant as price edges above 100WMA

  • 200WMA next hurdle at 1.3103: break here puts the 1.3380 Mar high in play

  • Buying dips favoured but this week's close now key

  • Below 1.2826 10WMA and bull bets are off









GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

GBP/USD Weekly Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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