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Feb 11 - 04:55 AM

GBP/USD - Pullback Risk But Big Bull Prizes Still To Be Won

By Peter Stoneham  —  Feb 11 - 02:39 AM
  • Increasing risk of pullbacks but likely limited to 1.3773 pivot point

  • Big bull targets still viable: 1.4140 100MMA-1.4377 Apr 2018 high

  • Rally checked at 1.3865 Wed high and long upper shadow recorded

  • No clear reversal signals yet and momentum readings now confirming gains

  • Wed high initial resistance with daily channel top behind at 1.3897

  • Price is outside its daily Bollinger envelope, upper line 1.3827

  • Weekly Bollinger also pressured but still room for GBP to rise here

    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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