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Dec 13 - 05:00 AM
GBP/USD - Settles After Biggest Day Range Since Jun 9 2017
First appeared on eFXplus on Dec 13 - 03:00 AM
  • Big election driven rally in GBP and charts now trying to settle

  • Pullback risk given speed-magnitude of rise but can't ignore bull potential

  • Weekly cloud and 200WMA cleared easily and now give support

  • 100 and 200WMA are converging, 1.3050 and 1.3098, bull cross risk

  • Looking higher and levels thin out: Session high 1.3516, 30HMA Bolli 1.3548

  • Bigger levels 1.3608 May 2018 high and 1.3806 76.4% Fibo 1.4377-1.1959









GBP/USD Trader:

GBP/USD Weekly Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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