Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 23 - 04:55 AM

GBP/USD - Demand On Dips Underpinning A Recovery

By Peter Stoneham  —  Jun 23 - 02:50 AM
  • Big price swings clouding direction but Tues rebound noted

  • Long candle shadow Tues highlights demand on dips scenario

  • Daily cloud base, 1.3944, just stalling to the topside

  • Price needs to clear 1.4019, 50% Fibo off 1.4250-1.3787, to extend recovery

  • Close above 100DMA, 1.3946, and cloud base would also increase bullish risk

  • Conflicting signals leave us side lined for now

    For more click on FXBUZ
















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
!