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Jan 22 - 07:55 AM

GBP/USD - Dip Buyers Still In The Game

By Peter Stoneham  —  Jan 22 - 06:30 AM
  • Sterling snaps a four-day bull run and forms a bear signal

  • Candlestick harami, inside day real body, can warn of a reversal

  • Thurs action did manage to close above 1.3700 after repeated failures

  • While above 10DMA, 1.3627, will view current pullback as corrective

  • Major tipping point a way off at 1.3522, Jan 18 low

  • We bid by 1.3540 but will be alert to stronger reversal signals

    For more click on FXBUZ

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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