Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 18 - 02:55 AM

GBP/USD - Remains Contained Following Wednesday Rebound

By Peter Stoneham  —  Jan 18 - 02:10 AM
  • Hammer style candle Wed putting bulls back in control

  • Initial resistance: converging 21 and 10-day moving averages, 1.2711-17

  • Fourteen day momentum poised to flip positive

  • Weekly action remains contained by cloud top and 200WMA, 1.2605-1.2845

  • Weekly momentum is positive but RSI diverging bearishly

  • Will use the weekly chart for triggers but remain side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!