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Finds Support

GBPUSD TECHS
  • RES 4: 1.3804 High Apr 30, 2018
  • RES 3: 1.3773 High May 1, 2018
  • RES 2: 1.3759 High Jan 27 and the bull trigger
  • RES 1: 1.3710 High Feb 2
  • PRICE: 1.3679 @ 06:15 GMT Feb 5
  • SUP 1: 1.3567 Low Feb 4
  • SUP 2: 1.3537/20 Low 50-day EMA / Low Jan 18 and key support
  • SUP 3: 1.3505 Low Jan 12
  • SUP 4: 1.3452 Low Jan 11

GBPUSD bounced off yesterday's low. A bullish theme remains in place and recent weakness appears to have been a correction. Attention remains on 1.3759, Jan 27 high where a break would confirm a resumption of the uptrend and resume the bullish price sequence of higher highs and higher lows. This would open 1.3773, May 1 2018 high. On the downside, initial support lies at yesterday's 1.3567 low.

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