By Peter Stoneham — Jan 07 - 03:53 AM
Market indecision becoming a feature with long upper-lower candle shadows
Another key day reversal Wed, adding to the Mon signal
Signs of bullish stress in 1.36s but long lower shadows show demand holding
Wed 1.3536 low now a tipping point with Dec 28 1.3429 low critical support
Topside and Jan 4 1.3703 high the trend resumption trigger point
On balance bulls maintaining an advantage but volatility clouds direction
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary