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Jun 25 - 08:55 AM

GBP/USD - Nice Rebound But Bulls Shouldn't Get Too Comfortable

By Peter Stoneham  —  Jun 25 - 07:25 AM
  • A run back to the daily cloud on hold but risk remains

  • Small rebound out of 1.2405 just unsettling the bears

  • While below Wed's 1.2541 high the risk is skewed to the downside

  • 14-day momentum is negative but still reflecting slide from 1.2812

  • Daily cloud remains pivotal: parameters are at 1.2195 and 1.2307

  • We await next strong signal















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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