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Oct 17 - 04:55 AM

GBP/USD - Euro Fight Back Versus Sterling Hits The Buffers

By Peter Stoneham  —  Oct 17 - 02:45 AM
  • Euro fight back looks to have hit the buffers at 0.8380, Wed high

  • Daily Kijin line just above at 0.8383

  • Our 0.8364 long play at risk of a bearish resumption

  • Key support now 0.8326, Tues low, then 0.8311 Oct low

  • Daily momentum indicators are neutral and range trading could continue

  • A climb back to the daily Kijun lines could see us square our position

  • Stop remains at 0.8320

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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