Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 04 - 04:55 AM

GBP/USD - FX Traders Can Target Key Monthly Resistance

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!