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Thomson Reuters
Jun 14 - 07:24 AM
GBP/USD - Significant Wednesday Close Into Reversal Risk
First appeared on eFXplus on Jun 14 - 05:15 AM
  • Significant Thurs close and swift change in daily bias
  • Selling up-tick strategy changed to buy on dips
  • Potential bull reversal, albeit of a s/t bear run, takes shape
  • Wed hammer candle (bullish) into strong confirmation so far Thurs
  • 14-Day momentum flips bull side and stochs stage bull cross
  • Tempted to pre-empt a long play ahead of Thurs candle confirmation

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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