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Jan 19 - 02:55 AM

GBP/USD - Dip Buying Pattern Keeps GBP On Side

By Peter Stoneham  —  Jan 19 - 02:05 AM
  • Sterling continues to cling to its underlying bull bias

  • Long lower candle shadows highlight demand on dips pattern

  • 30DMA provides a buy point, currently 1.3520 vs 1.3522 Mon low

  • Barriers at 1.3712 Jan 14 high and 30DMA upper Bollinger at 1.3750

  • Close today above 10DMA, 1.3602, to bolster trend resumption

  • Longer -term bull targets 1.4068-1.4165, weekly cloud top and 100WMA

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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