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Jan 15 - 06:12 AM
GBP/USD - REFILE-BUZZ-Sterling Resistance Points Close By Could Spoil Recovery
First appeared on eFXplus on Jan 15 - 04:05 AM

Adds EUR/GBP Ric

  • EUR/GBP direction again clouded as a Tues pullback runs into Wed bids

  • Bulls will maintain an upper hand while inside the daily cloud

  • Buying into dips favoured and we may have to raise our 0.8455 bid

  • Pivotal level at the 0.8505 daily cloud base

  • Converging 10, 21 and 55DMAs could become bullishly aligned

  • 55DMA currently 0.8531, 21DMA 0.8527 and 10DMA at 0.8502












EUR/GBP Trader:

EUR/GBP Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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