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Jul 18 - 10:55 PM

GBP/USD - Dips After Failure To Hold 1.2000; Longs At Risk

By Ewen Chew  —  Jul 18 - 09:20 PM
  • GBP/USD falls to 1.1936 from 1.1954, may weaken more

  • Monday failure to hold 1.2000 psych barrier deters bulls

  • Further pullback may reinstate Bollinger downtrend channel

  • Tues close below 1.1899 activates bearish chart signal

  • USD generally supported as Asia stocks start out soft

  • Gazprom declares force majeure on Europe gas supply nL1N2YZ1LV

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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