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Jan 30 - 04:55 AM

GBP/USD - EUR Softer As Sterling Makes Tentative Gains

By Peter Stoneham  —  Jan 30 - 02:40 AM
  • Friday's long upper candlestick shadow keeping the cross bear biased

  • Tight ranges frustrating clear direction

  • Daily momentum increasingly negative but RSI reflects tight price action

  • Weeklies bearish and target a 61.8% Fibo at 0.8681, off 0.8548-0.8897

  • Bearish on the month and capped by the monthly cloud, 0.8890

  • We lean bearish but await stronger signals

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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