Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 04 - 02:55 AM

GBP/USD - Over Reaching But Dec 2019 High A Target

By Peter Stoneham  —  Dec 04 - 02:15 AM
  • Thursday rally and trend extension removes key 1.3481 resistance: Sep 1 high

  • Our 1.3475 offer met and we now look for corrective action

  • 14-day positive momentum has increased but RSI is over bought

  • Weeklies in focus and a close above 1.3516 could negate adjustment risk

  • A late Jan weekly cloud twist could start to influence: 1.2464-1.2510

  • Given counter trend short we have a tight stop above 1.3516 Dec 2019 high
















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
!