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GBPUSD TECHS
  • RES 4: 1.3676/3724 61.8% of Oct - Dec sell-off / 2.0% 10-dma env
  • RES 3: 1.3607 High Nov 9
  • RES 2: 1.3560/78 100-dma / 61.8% of the Oct - Dec sell-off
  • RES 1: 1.3557 High Jan 04
  • PRICE: 1.3528 @ 06:06 GMT Jan 5
  • SUP 1: 1.3431 Low Jan 3
  • SUP 2: 1.3404 20-day EMA
  • SUP 3: 1.3343 Low Dec 23
  • SUP 4: 1.3240 Low Dec 22

GBPUSD traded higher Tuesday, topping the recent best levels and printed a high of 1.3557 in the process. The outlook is bullish and price remains above the 50-day EMA at 1.3431 - the recent breach of this average strengthened a bullish case. The focus is on 1.3578 next, a Fibonacci retracement and 1.3607, the Nov 9 high. Note that 1.3560 the 100-dma also represents an important resistance. Firm support to watch is at 1.3404, the 20-day EMA.

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