By Peter Stoneham — Jan 06 - 09:46 AM
Extreme volatility again clouding cable direction
However, latest drop revives Monday's bearish key day reversal
30DMA upper Bolli capped at 1.3671: 1.3703 revisit put on ice
14-day positive momentum swings back towards zero line
Little major support until 21 and 30DMAs, 1.3483 and 1.3453 respectively
Close below 1.3544 Monday low would be very bearish
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary