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Jan 31 - 08:55 AM

GBP/USD's Longer-Term Chart Suggests Price Goes Higher

By Peter Stoneham  —  Jan 31 - 07:15 AM
  • Drop to 1.2308 allows us to bring our short stop down to entry

  • Need a break under 1.2264, Jan. 24 low to strengthen the s/t bear run

  • Into month-end and potential for a fourth monthly bull close

  • Cls above 10-month moving average, 1.2027, could force a change of strategy

  • Near-term weakness could be presenting better levels to buy

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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