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Dec 16 - 06:55 AM

GBP/USD - Chart Shows Recent 2020 Peak In Danger Of Breach

By Martin Miller  —  Dec 16 - 04:35 AM
  • GBP/USD jump on Tuesday puts the focus is on the 2020 1.3540 peak

  • A break and daily close above the 2020 peak would accelerate gains

  • On the downside there are layers of decent technical support

  • Support between the tenkan line at 1.3338 and Wednesday's 1.3436 low

  • Tenkan and kijun lines are positive aligned, reinforcing the bullish market

  • GBP/USD Trader TGM2338

Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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