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Mar 10 - 06:55 AM

GBP/USD - Friday Close Could Be Significant

By Peter Stoneham  —  Mar 10 - 05:40 AM
  • Thursday rebound out of a small Wednesday hammer candle

  • Gains extending early Friday and daily trend resistance back in the game

  • Another close back below the line could drop GBP back to the low 1.18s

  • Clear breach targets 1.2065, March 7 high, a potential game changer

  • Daily momentum remains negative but RSI confirming latest price rise

  • Weekly cloud base, 1.2073, adds to the 1.2065 resistance

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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