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Mar 18 - 04:55 AM

GBP/USD - FX Traders Knocking On The Door Of Key Resistance

By Peter Stoneham  —  Mar 18 - 03:21 AM
  • Tues hammer candle playing out nicely but key resistance area close by

  • Resistance runs from 1.4005 through 1.4017 with a major 50% Fibo at 1.4010

  • We have raised our bid to 1.3925 but a close above 1.4020 negates

  • Still see potential for a return to the 1.42s and late Feb highs

  • Weekly bull trend defined by 10WMA, currently 1.3828: pivotal level

  • Week ending Feb 26 inverted hammer looks to have been cancelled out

    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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