Weak market but key 1.3779 Mar 5 low intact
Early Europe and indications of supply fade: long lower candle shadow
Our 1.3925 long play remains vulnerable while price below 1.3926 30DMA line
Pivotal resistance and bull trigger point 1.4010, 50% Fibo 1.4240-1.3779
14-day momentum maintains negative reading and RSI confirming weakness
Weekly chart sideways bias while above 10WMA, currently 1.3839
For more click on the links below.
GBP/USD daily candle chart: Click here