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Jul 04 - 07:55 AM

GBP/USD - Corrective Rebound Not A Game Changer

By Peter Stoneham  —  Jul 04 - 04:55 AM
  • Long lower candle shadow Friday eased some of the over sold condition

  • Daily momentum has flipped to positive, first since June 8

  • Underlying trend bearish and up-ticks provide better entry into the trend

  • Long lower candle on weekly could be a concern but again seen corrective

  • Pivotal level topside 1.2322, 10 week moving average: all change above

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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