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Thomson Reuters
Dec 04 - 05:00 AM
GBP/USD - Indications Of Basing Below 1.27 But Fragile At Best
First appeared on eFXplus on Dec 04 - 02:45 AM
  • Double day low 1.2697 and the support backed up by 1.2662 2018 low
  • 14-day negative momentum also looks to have based
  • View 10DMA as key resistance at 1.2786, risk of larger squeeze above
  • A close above today to open up November highs
  • Favour fading the Nov 22 1.2928 high on any correction for 1.2662
  • Daily kijun and 50% fibo level, 1.3176-1.2697, behind at 1.2937

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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