By Martin Miller — Aug 29 - 03:35 AM
GBP/USD's 3 daily closes in a row under the 1.2627 Fibo is negative
1.2627 Fibo, is a 61.8% retrace of 1.2308-1.3144 (May-July) rise
14-day momentum remains negative, reinforcing the bear market
We are looking to get short at 1.2670, ahead of the tenkan line at 1.2674
Tenkan line is the midpoint of the last 9 trading sessions
GBP/USD Trader TGM2338. Previous upside nL1N3A90CD
Source:
Refinitiv IFR Research/Market Commentary