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Dec 02 - 02:55 AM

GBP/USD - Trend Resumption With Pace With Sept High Target

By Peter Stoneham  —  Dec 02 - 02:05 AM
  • Big Tues price swings but GBP bulls win out with a new 1.3442 trend high

  • Drift lower into Wed but uptrend resumption backed by momentum readings

  • Daily RSI peaked at o/b levels, pullback risk but 10DMA to stall-contain

  • Big levels stand over the mkt, 1.3481 and 1.3516, we offer ahead of former

  • Dec 16 1.3079-86 cloud twist could still exert influence: twists can attract

  • Weeklies remain bullish: cancels out last week's longer upper candle shadow
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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