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Feb 15 - 05:55 AM

GBP/USD - Gaining Traction For A Run Above 1.40

By Peter Stoneham  —  Feb 15 - 03:46 AM
  • Bulls again gaining traction for a run above 1.40

  • New trend high and a test of the 1.3915 daily channel to

  • Price also climbing clear of the 1.3872 monthly cloud top

  • Little major resistance until 1.4142 100MMA and the 1.4377 April 2018 hig

  • Big 50% Fibo level off 1.7192-1.1423 Jul 2014-Mar-2020 is at 1.4303

  • Buy on dips strategy in play but we stand side for now.

    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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