Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
May 10 - 11:00 PM
GBP/USD - Downtrend Just Hangs In, But Progress Needed Soon
First appeared on eFXplus on May 10 - 08:50 PM
  • +0.1% this morning after closing -0.3% on cautious BoE nL8N1SH3Y7
  • Neutral momentum studies, 10 & 20 DMAs head south - negative setup
  • 1.3462, 38.2% 2017/2018 climb tested - sustained break needed soon
  • Close above 1.3574 10 DMA would suggest further consolidation
  • 1.3462 38.2% Fibo & 1.3460 NY low initial support
  • 1.3574 10 DMA then London 1.3618 high first resistance

gbp may 11 Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About Us
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!