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Thomson Reuters
Apr 15 - 09:48 PM
GBP/USD - Shooting Star Reversal Makes Close Significant
First appeared on eFXplus on Apr 15 - 08:00 PM
  • Tight early range after Friday's shooting star after failure around 1.4280
  • Reversal signal needs a close below Friday's 1.4221 low to validate
  • Market relief rally in response to surgical Syria strike nL8N1RS0BR
  • Neutral momentum studies, 5, 10 & 20 DMAs climb - positive setup
  • 1.4250/1.4350 range high in 2018 & not seen since 2016 - major resistance
  • Early London 1.4221/1.4296 range is initial support/resistance

gbp apr 16 Click here

Source:
Thomson Reuters IFR Markets

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