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Jan 15 - 03:55 AM

GBP/USD - Bulls Can Still Win Big Despite Pullback

By Peter Stoneham  —  Jan 15 - 02:28 AM
  • New trend high Thurs but again air above 1.3700 proving to be too thin

  • However, pullback from 1.3712 modest at best but easing o/b conditions

  • GBP ready to climb again while above 10DMA, 1.3610

  • Weeklies building for a more concerted push above 1.3700

  • Long lower weekly shadows highlight demand: 10WMA key support 1.3425

  • Bulls can still win big on weekly close above the figure nL1N2JO0N3

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

GBP/USD weekly candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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