Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 03 - 05:55 AM

GBP/USD - Bulls Still At Risk To A Deeper Adjustment

By Peter Stoneham  —  Feb 03 - 03:39 AM
  • Mild bearish adjustment Tuesday has eased some o/b trend stress

  • Our 1.3640 bid filled and we are now looking for bullish resumption

  • 14-day positive momentum fading, hints that adjustment not over

  • Big level for underlying bull trend now 1.3759, Jan 27 high

  • Our stop is fairly tight, just below 1.3610-11 recent lows

  • Still a risk to 1.3503, minimum Fibonacci retrace off 1.2676-1.3759

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!