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Feb 06 - 08:36 AM

GBP/USD - For Those Long GBP/USD 1.2900 Is A Huge Concern

By Jeremy Boulton  —  Feb 06 - 06:45 AM
  • Traders turned long pounds after the election and remain so

  • GBP/USD has traded within a 1.2900-1.3300 range since then

  • Whippy trade within that range suggest liquidity is not great

  • The pair is approaching 1.2900 again and there are big techs to focus on

  • Spec trade at these levels is to buy, but stops must join others sub 1.29

  • 21-WMA is 1.2899. Friday's close key. 100-DMA 1.2894. Dec 25 low 1.2900










GBP/USD: Click here

GBP/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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