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Apr 17 - 04:55 AM

GBP/USD Charts Looking Ominous For Sterling

By Peter Stoneham  —  Apr 17 - 02:55 AM
  • Friday close below daily trend support, line today at 1.2467

  • Also saw a key day reversal, higher high, lower low and cls below pre, cls

  • Close below the 10DMA adds further to downside risk

  • Late April 1.2124-63 cloud twist also in play

  • Weekly action hints at market indecision above 1.2500

  • A bearish picture at the start of the new week

  • Close under 1.2372, 21DMA, key

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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