Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 06 - 02:55 AM

GBP/USD - Demand Builds For A Run At Monday's High

By Peter Stoneham  —  Jan 06 - 02:17 AM
  • Monday's bearish key day signal failing to draw confirmation

  • Potential back to back up days puts underlying bull trend back on track

  • Trend high at 1.3703 initial resistance as early Wed squeeze builds

  • 14-day bull momentum positive and RSI rising

  • Weekly momentum, barring one week, positive since June: bullish

  • A buy on dips market but we await next signal

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!