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Nov 26 - 04:55 AM

GBP/USD - Loss Consolidation With Increasing Rebound Risk

By Peter Stoneham  —  Nov 26 - 02:35 AM
  • Modest corrective gains Monday into an offered Tuesday market

  • Still above the 1.2475 Friday low with a consolidation look about price

  • A minimum adjustment off the 1.3046-1.2475 drop cleared at 1.2613

  • Next Fibo level, 38.2%, is at 1.2693

  • Down trend being tracked by the 10-day moving average, today at 1.2624

  • Over sold values on daily RSI and stochs warn of stronger rebound risk

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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