Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Mar 18 - 05:00 AM

GBP/USD - FX Traders Might Look To Play The Correction

By Peter Stoneham  —  Mar 18 - 03:05 AM
  • Steep six-day bear run taking price heavily into over sold territory

  • Rebounds have been small but risk is growing for a stronger adjustment

  • Weeklies trying to get back inside 30WMA Bolli envelope: 1.2137 lower line

  • We have a bid by the Tues 1.2055 close: stop would be tight below 1.20

  • 30DMA lower Bolli a target at 1.2271, just ahead of Tues 1.2274 high

  • Would be a high risk trade given bias and virus backdrop

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved