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Jan 27 - 03:55 AM

GBP/USD - With 1.3700 Beaten A Major Fibo Now A Target

By Peter Stoneham  —  Jan 27 - 02:28 AM
  • All points north after strong Tues rally and long lower candle shadow

  • Major bull target 1.4303, 50% Fibo 1.7192-1.1413 Jul 2014 high-Mar 2020 low

  • Our 1.3640 long stop raised to entry, target 1.3785

  • 14-day momentum now confirming price gain but RSI hints at adjustment

  • New trend high at 1.3753, initial resistance: support at 1.3674, 10DMA line

  • Corrective action today, bulls need to hold the line at 1.3610, Tues low

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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