Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 29 - 05:55 AM

GBP/USD's Triple Close Under Key Fibo Is A Negative Sign

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!