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Derived real-time data in partnership with:
Thomson Reuters
Dec 04 - 03:48 AM
GBP/USD - Firmer, EUR/GBP Dominated Flow, But A Bearish Setup
First appeared on eFXplus on Dec 03 - 11:05 PM
  • +0.1% in Asia, at the top of a 1.2720/1.2741 range, after steady interest
  • EUR/GBP was very busy, as Asia fully opened in a tight 0.8923/0.8927 range
  • BRC UK consumer spending slowed down into the Brexit vote nL9N1M100K
  • Bearish outside day yesterday needs a close below 1.2697 to validate
  • Momentum studies edge lower, 5, 10 & 21 DMAs trend south - bearish setup
  • 1.2662 is the 2018 low - close below 1.2650 would get bears excited

gbp dec 4 Click here

Source:
Thomson Reuters IFR Markets

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