By Peter Stoneham — Jan 05 - 02:01 AM
Mon's sharp reversal lower may have freed up room for another rally
Daily RSI climbing again but 14-day positive momentum fading
Underlying bias remains bullish but 1.3703 now the big hurdle
Bull trend could survive further pullbacks to 1.3430 but vulnerable below
Short-term MAs flattening and losing significance
Gain consolidation likely abv 10DMA, 1.3540, below 30DMA upper Bolli, 1.3660
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary