Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 13 - 05:55 AM

GBP/USD - REFILE-BUZZ-GBP/USD Targets 200-Day Moving Average While Below 1.2100

By Peter Stoneham  —  Feb 13 - 04:40 AM

Corrects averages to average in headline

  • Long upper candle shadow Thurs and price slide Frid into a bear close

  • GBP failed just ahead of the 10DMA and 50% Fibo, 1.2198-1.2205 respectively

  • Price back inside the daily cloud, top at 1.2085

  • Momentum negative and RSI falling

  • Weekly chart showing signs of market indecision

  • On balance still a bear market and fading strength favoured

  • We will monitor any rebounds to 1.2100

    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
© 2023 eFXdata · All Rights Reserved
!