Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 15 - 03:55 AM

GBP/USD - Weekly Chart Highlights Bearish Risk

By Peter Stoneham  —  Mar 15 - 02:50 AM
  • Pullback from the 1.2893 significant Mar. 8 high extends to 1.2730

  • Our 1.2773 short just on-side

  • A drop under 1.2706, 50% Fibo, will see the stop lowered

  • Fourteen day positive momentum is fading fast and RSI is falling

  • Weekly action set to close below the 200WMA, 1.2857

  • Potential for a weekly bearish harami candle

  • Key support at 1.2648, the weekly cloud top

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!