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May 26 - 05:55 AM
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GBP/USD - Range Trade To Persist Until Geo Noise Clears
By The views — May 26 - 04:35 AM
• GBP holding the Monday break as Iran deal optimism keeps bulls in the driver's seat for now
• But fresh U.S. strikes on Iran is capping topside
• Geo noise means more two way price action to follow
• Cable has cleared the 200DMA cluster (1.3410-24) which is constructive
• However, 1.3600-50 is the real test. Below there, cable is
likely to remain choppy
GBPUSD daily chart
Justin McQueen is a Reuters market analyst. (The views expressed
are his own).
((Email: ))
Source:
London Stock Exchange Group | Thomson Reuters