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Thomson Reuters
Feb 04 - 02:36 AM
GBP/USD - Pressures 200 DMA, Close Below Negative
First appeared on eFXplus on Feb 03 - 10:25 PM
  • GBP/USD opens lower on w/e Nissan news but bounces back to flat nL5N1ZY08M
  • Range for Asia a dull 1.3056/85, last at 1.3077
  • Momentum studies head down, 5 DMA crosses below rising 10 DMA
  • Outlook mixed, but still positive if market holds above 200 DMA at 1.3042
  • Initial resistance at Friday's high of 1.3113, bulls need progress soon
  • Close below 200 DMA turns outlook negative, targets 21 DMA at 1.2958

GBP daily: Click here

Source:
Thomson Reuters IFR Markets

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