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Refinitiv
Jan 16 - 05:55 AM

GBP/USD - Fall Below Daily Kijun Opens Up The January Lows

By Peter Stoneham  —  Jan 16 - 04:30 AM
  • Sterling slips below the daily Kijun line, 1.2663

  • Our 1.2660 long stop tripped on route to a 1.2647 low

  • As with the USD index there is a 50/200-DMA cross over in play

  • For GBP it is a bull cross but so far the signal is having little influence

  • Fourteen day momentum and daily RSI point to further GBP weakness

  • A return to the Jan lows around 1.2612-16 is on the cards

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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