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Feb 22 - 03:55 AM

GBP/USD Some Overheating But Sterling Trend Robust

By Peter Stoneham  —  Feb 22 - 02:16 AM
  • New 1.4050 trend high follows Frid close above bull channel res.

  • Price nudges above its upper 30DMA Bolli line at 1.4016

  • Some indication of an overbought condition and pullback risk

  • However, trend remains strong and any retrace likely modest

  • Optionality in the 1.40s might slow further gains

  • Key levels now 1.3730 10DMA and 1.4050 trend high

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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