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Aug 27 - 06:55 AM

GBP/USD - FX Traders Look To New 2020 Highs

By Peter Stoneham  —  Aug 27 - 04:45 AM
  • Looking good for a run at the 2020 1.3266 high before week is out

  • Price exploring the topside of a 1.2982-1.3266 range

  • 14-day momentum confirming back to back bull days

  • Still see scope to the 1.3500s but a range breakout needed soon

  • Consolidation above 1.32 into weekend could open up new highs for the year

  • Sub-1.3150 10DMA and bulls would be undermined















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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