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Thomson Reuters
Jun 06 - 08:36 AM
GBP/USD - Significant Failure And Mkt Indecision Ahead Of Key Levels
First appeared on eFXplus on Jun 06 - 05:00 AM
  • Looking at the candlstick chart evident that mkt indecision is creeping in
  • GBP surprisingly resilient despite UK political and Brexit uncertainty
  • However, Wed long upper candle wick and failure ahead of 21DMA significant
  • Also failed to better the 1.2754 sell-off high from May 27
  • 10DMA providing support to a tighter Thursday market, 1.2657
  • Risk a jittery market pans out sideways until the next technical impulse

GBP/USD Trader:

GBP/USD Daily Candlestick Chart: Click here

Source:
Thomson Reuters IFR Markets

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