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Jan 23 - 02:55 AM

GBP/USD - Looking To Extend Its Recovery To The Jan. 11 High

By Peter Stoneham  —  Jan 23 - 01:45 AM
  • Climb out of the 1.2597 Jan. 17 low extends to 1.2739

  • Bulls eye Jan. 11 1.2788 high

  • Pivot resistance is at 1.2755 and a break sees our long stop raised

  • Long from 1.2695 for 1.2840 with a 1.2635 stop

  • Fourteen day momentum is holding positive levels and RSI is rising

  • Thick and rising weekly cloud and 200WMA provide key levels, 1.2616-1.2847

  • Last week's low at 1.2597 and 10WMA at 1.2688

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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