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Jan 04 - 11:55 PM

GBP/USD - USD To Drive Next Move - Close Will Be Key

By Andrew M Spencer  —  Jan 04 - 09:56 PM
  • +0.15% - USD a touch softer into the Georgia vote - USD to lead next move

  • Trades at the top of a 1.3562-1.3580 range with decent interest

  • Charts; neutral momentum studies, 5, 10 & 21 daily weekly & monthly MAs rise

  • Positive setup - 1.3677, 76.4% 2018-2020 fall major resistance on the close

  • Bearish outside day a potential key day reversal on close below Monday's low

  • Sterling's bearish outside day could be just the start nL1N2JG00M

  • Close below 1.3472 21 DMA, a base last week, would end topside bias

For more click on FXBUZ



gbp 3 jan 5 Click here

Source:
Refinitiv IFR Research/Market Commentary

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