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Mar 31 - 05:55 AM

GBP/USD - Bull Bias Lacks Strength And Weeklies Confusing

By Peter Stoneham  —  Mar 31 - 04:15 AM
  • Tues hammer candle into Wed bullish confirmation but not convincing

  • Cls abv 10DMA, 1.3165, needed to bolster bulls :Wed high behind at 1.3181

  • 14-day positive momentum is increasing but daily RSI flat lining

  • We lean bearish while price below the 10DMA

  • Long upper and lower weekly candles are clouding direction

  • Weeklies are also pivoting the 200WMA, 1.3118

    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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