Derived Data That Drive Results
By Martin Miller — May 12 - 03:35 AM
GBP/USD slumped Thursday, Friday it is consolidating above 30-DMA at 1.2489
Those that are bearish need a break and daily close under the 30-DMA
That would likely lead to bigger drop to 30-day lower bollinger-band
The 30-day lower bollinger-band is currently at 1.2345
As 14-day momentum remains positive, that gives bulls hope of a recovery
GBP/USD Trader TGM2338
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
