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Jan 13 - 03:55 AM

GBP/USD - Eyes A Break Of Key Resistance But Looks Stretched

By Peter Stoneham  —  Jan 13 - 02:25 AM
  • Strong Wed close confirmed by a pick up in bullish daily momentum

  • Daily RSI now deeper into over bought territory

  • Initial resistance at 1.3737, 200-day moving average

  • Long-term average has contained the pound since Sept 16 2021

  • Bull signal from 10DMA crossing above the 100DMA, 10DMA at 1.3585

  • Cloud twist on radar, Feb 15 1.3440-80: twists can appear to attract price

  • We stand aside for now but looking for correction-reversal signals

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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