SYFX

Cable tests key near-term levels again after losing altitude on push above 1.3700

Published On: January 25, 2021

Summary

By sueyangfx.com January 25, 2021 at 10:29AM GBP/USD falls from a high of 1.3723 earlier to 1.3668 currently The drop after failing to hold yet another break above 1.3700 – at least for a comfortable enough period – sees cable […]

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By sueyangfx.com

January 25, 2021 at 10:29AM

GBP/USD falls from a high of 1.3723 earlier to 1.3668 currently
The drop after failing to hold yet another break above 1.3700 – at least for a comfortable enough period – sees cable fall back to test its 100-hour moving average (red line) @ 1.3678. Keep below and the near-term bias stays more neutral now.

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