Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 10 - 11:55 AM

GBP/USD - Further Endorsement For March 5 Hammer

By Peter Stoneham  —  Mar 10 - 09:43 AM
  • Mar 5 hammer (bullish) further endorsed: potential back to back daily gains

  • Breach of 10DMA sees our long stop raised to 1.3840, just under today's low

  • Minimum correction off 1.4240-1.3779 met, now looking to 1.3955 38.2% Fibo

  • There is a 10DMA-212DMA bear cross risk on but strong Wed cls might negate

  • We continue to target 1.4110 but will monitor price at the 1.4017 Mar 4 high

  • Weekly action highlights importance of 10WMA support, currently at 1.3778

    For more click on FXBUZ
















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
!