Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 03 - 04:55 AM

GBP/USD - Recovery Potential After Big Tuesday Drop

By Peter Stoneham  —  Jan 03 - 04:00 AM
  • Big down day Tuesday shook the underlying bull trend

  • Potential for a bullish resumption while above 1.2577 Fibo

  • Moving average golden cross also in the bullish mix

  • The 50-day MA rising to meet the 200-day line, 1.2519-1.2534, respectively

  • Fourteen day momentum has flipped negative and now diverging

  • Market is a little more balanced but we lean slightly bullish

    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
!