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Aug 11 - 06:55 AM

GBP/USD - Bullish Pointers But GBP Not In The Clear Yet

By Peter Stoneham  —  Aug 11 - 04:40 AM
  • Constructive dailies but price still below key resistance

  • Daily cloud top at 1.2272 and Aug 1 high at 1.2277

  • Today's support levels to watch: Daily cloud base and 10DMA, 1.2171-1.2158

  • Despite the bid tone, while below the cloud top, downside risk remains

  • Weeklies forming a bullish engulfing candle: could support bullish cause

  • We lean slightly bullish but need stronger bullish confirmation

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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