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Aug 26 - 05:00 AM
GBP/USD - FX Traders Watching Major Key Levels This Week
First appeared on eFXplus on Aug 26 - 03:05 AM
  • Weekly trend resistance the major level this week
  • The line, drawn off the early May 1.3190 high is at 1.2285 this week
  • Countering the trend resistance a bullish wkly harami (w/e Aug 16)
  • The bullish candle signal drew strong confirmation last week
  • Initial key level above the trend line is at 1.2359, 10WMA
  • Dailies constructive and again testing Ichimoku tenkan line, today 1.2270
  • Friday's 1.2296 high close by but could stall further Monday gains

GBP/USD Trader:

GBP/USD Weekly Candle Chart: Click here

GBP/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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