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Jan 16 - 04:55 AM

GBP/USD - Bullish Pointers Despite Early Pullback

By Peter Stoneham  —  Jan 16 - 03:05 AM
  • Removal of 61.8% Fibo, 1.2215, of 1.2446-1.1842 drop Frid

  • Early Mon and a pullback from 1.2288 bull run high

  • Long upper candle shadow bearish but likely just corrective

  • Next Fibo is at 1.2303 then 1.2446 high from Dec. 14

  • The 55DMA is poised to cross above the 200DMA line, bullish

  • Daily momentum confirming the new high but RSI flat lining

  • We lean bullish but are side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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