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Sep 17 - 03:55 AM

GBP/USD - 10DMA Caps But Bulls Remain In Control

By Peter Stoneham  —  Sep 17 - 02:00 AM
  • Peaked just above the daily cloud and capped by 10DMA at 1.3008 Wed

  • 1.2910 short back in the game: still need a close below the 55DMA, 1.2952

  • We will maintain a stop above the 1.3035 Sep 10 high

  • 14-day negative momentum sharply lower and looks stretched

  • Long lower daily shadow developing: suggests bulls still hold advantage

  • Wkly action just back under 200WMA, 1.2933, as two-week bear run clings on














GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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