By Peter Stoneham — Mar 28 - 03:19 AM
• GBP/USD is beginning to play out sideways within a 1.2870-1.3015 range
• Thursday's 1.2872-1.2992 rebound negated a slight bearish short-term bias
• Daily momentum readings are neutral
• Weekly charts also panning out sideways, pivoting Ichimoku cloud top 1.2958
• Monthly action strongly bullish and targets a 76.4% Fibo at 1.3119
• Our 1.2880 shot is looking vulnerable
• GBP/USD Trading Page
GBP/USD daily candle chart:
(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
