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Dec 30 - 09:55 PM

GBP/USD - Probes High Ground Above 1.3500; Momentum Flagging

By Ewen Chew  —  Dec 30 - 07:42 PM
  • GBP/USD hovers at 1.3500, teasing bullish breakout ahead

  • Scope for greater gains if above Ichimoku Cloud top 1.3565

  • But momentum ebbing as hinted by Thurs pullback, doji candlestick

  • Wall St snapping back from record hinders risk-on in FX markets

  • If GBP/USD ends below Cloud base 1.3475, consolidation lower likely

  • Base of Bollinger uptrend channel at 1.3425 should attract bids

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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