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Jan 06 - 11:55 AM

GBP/USD - Key Day Reversal Comes Swiftly Back Into Play

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

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