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Thomson Reuters
Jan 03 - 12:12 PM
GBP/USD - Bulls Force A Big Rebound, Fall Shy Of A Key Fibo
First appeared on eFXplus on Jan 03 - 06:35 AM

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  • Bulls force a strong rebound from Thur's Refinitiv Matching 1.2409 low
  • The focus is on the 1.2590 Fibo, a 23.6 percent of the 1.3176 to 1.2409 fall
  • A break and daily close above 1.2590 will strengthen the market outlook
  • 1.2702 Fibo, 38.2% of the same 1.3176 to 1.2409 fall, will be unmasked
  • Until the 1.2590 Fibo is overcome, the overall outlook remains mixed

GBP/USD Trader:

Daily Fibo Chart: Click here

Source:
Thomson Reuters IFR Markets

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