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Jan 10 - 02:55 AM

GBP/USD - Still A Risk To November Highs Despite Stalling

By Peter Stoneham  —  Jan 10 - 01:55 AM
  • Sterling trading just off its 1.3599 2022 high

  • Our 1.3540 short continues to struggle: stop at 1.3615

  • Daily RSI has turned over and bullish momentum is easing

  • Initial support at 1.3554, 100DMA

  • Hourly cloud below, 1.3529-1.3545, and daily cloud top 1.3514

  • Minimum correction off 1.3162-1.3599 at 1.3496, seen pivotal

  • Topside 1.3698 Nov sell-off high major resistance

    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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