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
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Source:
Refinitiv IFR Research/Market Commentary