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Dec 12 - 06:55 AM

GBP/USD - Constructive But Weeklies Warn Of Bearish Risk

By Peter Stoneham  —  Dec 12 - 05:15 AM
  • Set for a fourth straight session of gains above 200DMA, 1.2118

  • The 10DMA also beginning to underpin the market at 1.2189

  • Minimum correction off 1.1150-1.2345 climb is at 1.2063

  • Key resistance is at the Dec. 5 1.2345 high

  • Last week's close casts some doubts over the bull run

  • A long legged Doji star hints heavily at market indecision

  • We prefer to be on the sidelines

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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