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Jun 09 - 03:55 AM

GBP/USD - In Desperate Need Of A Breakout

By Peter Stoneham  —  Jun 09 - 01:51 AM
  • A balanced market, mid-range and little indication of a near-term breakout

  • Near one-month range, 1.4083 to 1.4250: breakout could trigger a big move

  • Downside daily cloud twist, June 14, but little sign of drag on price

  • Weekly action indicates market indecision, adding to the sideways bias

  • Underlying bull run from mid-April holding but increasing downside risk

  • We stand aside for now but will monitor price at the range extremes

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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