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Oct 07 - 03:55 AM

GBP/USD - Friday's Doji Candle Hints At Bearish Indecision

By Peter Stoneham  —  Oct 07 - 01:45 AM
  • Sterling's bear run stalling in the 1.3070-80 area

  • Friday's doji candle hinting at market indecision

  • Rebound off the 1.3074 Friday low pulling the RSI out of its dive

  • Fourteen day momentum remains negative

  • Thick and rising daily cloud provides support at 1.3054

  • A 50% Fibo off 1.2666-1.3434 just behind at 1.3050

  • We lean bearish but will be looking for better entry levels today

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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