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Apr 17 - 05:55 AM

GBP/USD - Euro Taking A Breather After Peaking Versus Sterling

By Peter Stoneham  —  Apr 17 - 03:40 AM
  • Daily action peaked just above a very thin cloud Friday

  • Pullback from the 0.8859 high modest so far

  • Tempted to short the market but weeklies still ringing bullish

  • Weekly action closed above a thick Ichimoku cloud last week

  • Market opens above the 0.8732-0.8840 cloud Monday

  • However, wkly momentum flips negative and RSI not confirming latest gains

  • We lean bearish but will wait for stronger signals

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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