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Thomson Reuters
Feb 05 - 03:48 AM
GBP/USD - Bears Remain In Control While Below 10DMA
First appeared on eFXplus on Feb 05 - 02:20 AM
  • The 200DMA not letting price get away just yet despite Mon cls below
  • The average is at 1.3038: 10DMA just above mkt at 1.3093 and key today
  • Cable fall got within a pip of our 1.3025 sell trigger early Tues
  • Daily momentum yet to confirm weakness as stochs are already nearing o/s
  • Still favour a further run lower but indications suggest slow progress
  • Weekly action still with the bears following 100WMA rejection

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Thomson Reuters IFR Markets

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