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Dec 09 - 08:55 AM

GBP/USD - Escapes Bearish Grip; Hammers Out A Rally

By Peter Stoneham  —  Dec 09 - 06:40 AM
  • Wed rally above Mon-Tues hammer highs: 14-day momentum confirming gains

  • Back to back daily hammer candles, trend high but still bullish

  • Dec 16 1.3079-86 cloud twist can't be ignored and could spoil bull run

  • Trend high, 1.3540, pivotal resistance

  • Mon's hammer candle low key support and tipping point

  • 30DMA lower Bolli just ahead at 1.3243

















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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