By Peter Stoneham — Jan 04 - 02:37 AM
Sterling closed December inside its monthly cloud, 1.3227-1.4199
100MMA provides a January bull target at 1.4190
Price also closed the month-year out above the 30MMA upper Bollinger line
Early Monday gains to 1.3703 keeping the bull bias alive
Friday close above 1.3620-25 Dec dble day high adds to the bullish outlook
Dailies remain constructive but over bought: pull back risk is increasing
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary