Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 02 - 01:55 PM

GBP/USD - Dip Buyers Become Aggressive

By Christopher Romano  —  Dec 02 - 11:50 AM
  • GBP/USD fell sharply after the US Nov. employment data nL1N32R2TN

  • The slide stalled short of the Nov. 28 daily high, 1.21365 traded

  • Buyers emerged however as the US$ weakened & risk improved

  • GBP/USD erased the data-induced fall and turned positive on the session

  • A daily hammer candle formed and daily RSI turned up again

  • Daily technical signals reinforce already bullish monthly signals

  • GBP/USD longs likely target 61.8% Fib 1.3749-1.0327, May monthly high

  • For more click on FXBUZ




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
!