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Jan 29 - 04:55 AM

GBP/USD - Corrective Risk But Dips Likely To Be Exploited

By Peter Stoneham  —  Jan 29 - 02:38 AM
  • Off its highs but bull trend holding strong: Kijun-Tenkan bullishly aligned

  • 14-day positive momentum confirming recent gains

  • Initial resistance at 1.3759, new trend high Jan 27

  • Weekly hinting at market indecision but above trend defining 10WMA, 1.3522

  • Previous 1.3481 peak potential tipping point on a deeper pullback

  • Buy on dips likely to be a favoured strategy but we await stronger signals

    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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