Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 19 - 03:55 AM

GBP/USD - FX Traders Shouldn't Rule Out A 1.2000 Break

By Peter Stoneham  —  May 19 - 02:20 AM
  • Steady start following two big swings in price action Tues-Wed

  • A short-term Fibo supporting at 1.2329, off 1.2156-1.2501

  • Double day highs, 1.2498-1.2501, on top

  • Volatility still clouding near-term direction

  • Underlying bias remains bearish but progress has slowed

  • Risk of a 1.2000 breach but could see 1.2630-40 first

  • Increasing negative 14-day momentum but neutral RSI reading

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!