By Peter Stoneham — Mar 31 - 01:48 AM
• GBP trading off its recent 1.2992 high and beginning to pan out sideways
• The March 27 range provides the initial levels to watch, 1.2872 and 1.2992
• Daily momentum readings are marginally positive and RSI is rising
• Weekly action contained by the cloud top, 1.2978, on a closing basis
• A strong bull candle on the monthly chart
• We remain short from 1.2880
• GBP/USD Trading Page
GBP/USD daily candle chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
