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Nov 24 - 03:55 AM

GBP/USD - Eyes Key 200-Day Moving Average Resistance

By Peter Stoneham  —  Nov 24 - 02:20 AM
  • The 10-day moving average has defined this week's bull bias

  • The average tested but not broken is at 1.1897 today

  • Sterling eyes the key 200-day moving average at 1.2193

  • The average has resisted the market since Sept. 15 2021

  • Daily momentum readings not confirming the latest push higher

  • Daily RSI near over bought

  • Pullback risk ahead of the 200-day moving average

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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