By Peter Stoneham — Apr 03 - 01:53 AM
• Bearish indecision gives way to a strong sterling bounce
• The market quickly becomes overbought, daily RSI above 70
• Fourteen day momentum flipped positive the previous session
• The pound is back at levels last seen in October 2024
• Our 1.2880 short close to be stopped out
• A 76.4% Fibo level off 1.3434-1.2100 is at 1.3119, our stop at 1.3125
• 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
