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Aug 22 - 05:55 AM

GBP/USD - Chart Outlook Could Be Turning To Positive

By Martin Miller  —  Aug 22 - 03:35 AM
  • GBP/USD 14-day momentum reading on course to turn positive at Tuesday's low

  • Cloud, that spans 1.2726-1.2868 region, will likely to slowdown the recovery

  • If there is a close above 1.2818 Fibo, 38.2% of the 1.3144 to 1.2617 drop

  • That would confirm the overall bias has shifted to the upside

  • GBP/USD Trader TGM2338. Previous upside nL1N3A10JA

Source:
Refinitiv IFR Research/Market Commentary

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