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Feb 27 - 01:55 AM

GBP/USD - Bulls Need A Cloud Break To Cement Their Advantage

By Peter Stoneham  —  Feb 27 - 01:30 AM
  • Bull pressure is building but the daily cloud top is resisting

  • We remain short from 1.2704 but the trade is in trouble

  • Pullbacks from the cloud have been limited

  • Daily momentum is positive but RSI has turned lower

  • A Mar. 11 1.2649-63 cloud twist is fighting our corner

  • However, a close above the cloud would open up the Feb. 2 high at 1.2772

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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