Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 07 - 04:55 AM

GBP/USD - At Cloud Top Cross Roads But Hope For Bulls

By Peter Stoneham  —  May 07 - 02:52 AM
  • Direction clouded as market indecision takes hold of sterling

  • Weekly action provides hope for bulls: negating prev bear weeks

  • Our 1.3840 long play now cost free but progress very slow

  • Loss of 14 day bull momentum a concern, flips to negative

  • Daily RSI is flat lining in neutral territory

  • Price continues to consolidate around the daily cloud top, 1.3903

  • Thursday range extremes provide key levels, 1.3859-1.3942

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily candle chart: Click here

GBP/USD weekly 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
!