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Feb 23 - 04:55 AM

GBP/USD - Euro Records Bearish Reversal Signals Versus Sterling

By Peter Stoneham  —  Feb 23 - 02:40 AM
  • Bearish key day reversal and engulfing line Thursday

  • Both signals need confirmation but have still damaged the recent bull run

  • Support at the 10DMA intact, today at 0.8545

  • bullish cross over, 10DMA over 21DMA also holding

  • Weekly action still capped by the 10WMA, currently 0.8583

  • Last week's hammer candle (bullish) struggling for confirmation

  • Mixed signals keep us side lined for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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