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Jul 21 - 05:55 AM

GBP/USD - Euro Turns But Could Be Brief As Sterling Struggles

By Peter Stoneham  —  Jul 21 - 04:23 AM
  • Missed our offer by a pip and now euro reverses course

  • Might get a second chance while sterling struggles generally

  • Minimum correction off the recent 0.8505-0.8669 climb is 0.8630

  • Cloud twist value today a magnet, 0.8603-0.8609

  • 100 day moving average is at 0.8604 and 50-DMA at 0.8591

  • Daily momentum remains bullish but fading: RSI has turned over from o/b

  • We will maintain a 0.8670 offer for now

    For more click on FXBUZ















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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