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Jul 13 - 03:55 AM

GBP/USD Conflicting Signals Leave Sterling Hanging

By Peter Stoneham  —  Jul 13 - 02:19 AM
  • Gain consolidation off Friday's impressive rebound stalling the pound

  • 14-day momentum is diverging bearishly and RSI readings are neutral

  • Above market Aug 2 cloud twist aside little for bulls to latch onto

  • Slight bull advantage while above 10DMA, 1.3834

  • Long lower weekly candle shadows highlight demand on dips

  • Fibo, 100DMA and cloud base the initial bull hurdles

  • 38.2% 1.4250-1.3734 at 1.3931 and cloud base at 1.3960

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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