Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 11 - 02:55 AM

GBP/USD - Euro Facing Death Cross Risk Versus Sterling

By Peter Stoneham  —  Jan 11 - 02:00 AM
  • Death cross risk with 50DMA converging on the 200DMA line

  • Last bearish cross over Jan 2023 good for a 1.0% drop

  • Long upper shadows Mon-Thurs and 0.8620 tops

  • Our 0.8615 short play just in the money with an 0.8520 target

  • Drop under 0.8588, 76.4% Fibo-Jan 9 low, opens up 0.8550 Dec. 11 low

  • Fourteen day momentum increasingly negative

  • Daily RSI turning down from neutral levels

  • Bear cross over, 10DMA below 21DMA adds to bearish risk

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!