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Jan 16 - 01:55 AM

GBP/USD - Increasing Risk Of A Return To The January Lows

By Peter Stoneham  —  Jan 16 - 01:15 AM
  • A more convincing push lower and our long stop looming large

  • Clear break below the 21-day moving average, 1.2713

  • So far no bullish influence from the golden cross, 50DMA above the 200DMA

  • Fourteen day momentum has flipped to negative and RSI is falling sharply

  • Our stop is below the daily Kijun line, 1.2663

  • Below the Kijun and the 1.2612-1.2616 lows from early Jan come into play

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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