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Apr 21 - 03:55 PM

GBP/USD - Longs Struggle To Break Free Of The Magnetic 10-DMA

By Christopher Romano  —  Apr 21 - 01:40 PM
  • GBP/USD rallied to a 5-swession high of 1.30905 then turned negative

  • US rate EDM3US2YT=RR gains, expected hawkish Fed help weigh

  • The pair dipped below the 10-DMA, bearish tech emerge on daily charts

  • Daily RSI diverged on the high, doji formed which implies indecision

  • Monthly RSI is falling, suggests longer-term downward momentum remains

  • Investors that bought near 1.3000 need above 1.3150/85 to gain control

  • For more click on FXBUZ




gbpusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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