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Thomson Reuters
May 17 - 11:00 PM
GBP/USD - Tight Range Enters A Third Week - Major News Needed
First appeared on eFXplus on May 17 - 09:20 PM
  • Flat early after closing +0.15%, soft Brexit talk short lived nL5N1SO1QX
  • Enters a third week with trend stalled above 1.3462, 38.2% 2017/18 climb
  • Neutral momentum studies, 5 & 10 DMAs flat line & 20 DMA heads south
  • Little short term bias - bears need a close below 1.3460 to rekindle trend
  • Bulls need a sustained 1.3645 falling 20 DMA break to get excited
  • London 1.3473 low & NY 1.3527 high initial support/resistance

gbp may 18 Click here

Source:
Thomson Reuters IFR Markets

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