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Jun 29 - 05:55 PM

GBP/USD - Cable Clings To Its Last Fibo Prop Amid Policy Angst

By Content Admin  —  Jun 29 - 03:25 PM
  • Cable fell to 1.2252 on growing UK policy angst nL1N2E618S

  • The 76.4% Fibo of the May-June rise is key prop at 1.2249

  • Prices dip into the cloud and below the lower 21-day Bolli

  • Bearish tenkan, kijun cross increases the burden on bulls

  • EU-UK Brexit talks key, "Australia terms" exit feared nL8N2E409Y

  • Break of 1.2249 would eye May low, cloud base at 1.2075/31

  • EUR/GBP rally cleared 50% Fibo, cloud at 0.9085, 61.8% 0.9183 key above

  • For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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