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7 Jan 2014
Flash: GBP/USD resisted at 1.6430/65?
FXstreet.com (London) - Karen Jones, chief analyst at Commerzbank noted that GBP/USD recently failed to maintain a minor break of 1.6600 and has charted a key day reversal.
Key Quotes:
“This coupled with the triple divergence of the daily and weekly RSI and the 13 count on the TD combo both suggest that this is a significant failure and is likely to have topped short term”.
“Intraday rallies should remain thwarted by 1.6430/65”.
Key Quotes:
“This coupled with the triple divergence of the daily and weekly RSI and the 13 count on the TD combo both suggest that this is a significant failure and is likely to have topped short term”.
“Intraday rallies should remain thwarted by 1.6430/65”.