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Thomson Reuters
May 30 - 05:00 AM
GBP/USD Bears Grapple With Key Fibo, EUR/GBP Bulls Propped
First appeared on eFXplus on May 30 - 02:50 AM
  • GBP/USD bears are grapple with major 1.3276 Fibo, weekly close will weaken
  • 1.3276 Fibo -- 38.2% retrace of the 1.1495 to 1.4377 (2016 to 2018) rise
  • Most immediate downside targets are 1.3152 Fibo, 30-day lwr BB now at 1.3140
  • 1.3152 Fibo -- 76.4% retrace of the 1.2774 to 1.4377 (August to April) gain
  • EUR/GBP has been propped up by the 30-day lower bolli-band, now at 0.8699
  • EUR/GBP likely to stage a decent recovery to the 30-DMA at 0.8769

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Weekly Fibo Chart: Click here

GBP/USD Daily Fibo Chart: Click here

EUR/GBP Daily Bollinger Chart: Click here

Source:
Thomson Reuters IFR Markets

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