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Nov 13 - 03:55 AM

GBP/USD - Euro Reversal Consolidation Versus Sterling Early Wednesday

By Peter Stoneham  —  Nov 13 - 02:55 AM
  • Monday hammer candle into bullish confirmation Tuesday

  • Early Wed and stalling just taking some of the heat out of the reversal

  • Our 0.8297 long in the money: will raise stop on a break of 0.8354, Fibo

  • Fourteen day momentum remains negative and RSI is pointing down

  • Corrective gain consolidation the likely Wednesday theme

  • Still see risk to the daily cloud base, currently 0.8380

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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