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Sep 18 - 07:55 AM

GBP/USD - Bullish Resumption But Direction Remains Clouded

By Peter Stoneham  —  Sep 18 - 05:35 AM
  • Sterling gain consolidation above the 10-day moving average, 1.3135

  • Recent bull run topped at 1.3229 Tues, ahead of 1.3238-1.3269 resistance Sept. 20 1.2829-1.2830 cloud twist could be dragging on the pound

  • Fourteen day momentum has flipped positive and RSI is rising

  • We lean bullish but today's event risk could limit scope for further gains

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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