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Jun 28 - 07:55 AM

GBP/USD - Euro Unable To Make A Lasting Impression On Sterling

By Peter Stoneham  —  Jun 28 - 06:50 AM
  • Selling into strength still the favoured strategy following another failure

  • Price unable to shake off the daily cloud base, 0.8596, hangs just below

  • Long-term shallow bear trend holding, defined by 0.8612 res. line

  • Daily momentum negative but fading and RSI lower but neutral

  • Overall, a bear market but slow and choppy progress

  • We are side lined for now but will consider fading the res. line

    For more click on FXBUZ
















EUR/GBP Trader:

EUR/GBP daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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