Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 08 - 06:55 AM

GBP/USD - Modest Adjustment Over; Downside Calling Once More

By Peter Stoneham  —  Jul 08 - 04:45 AM
  • Thursday rebound, 1.1912-1.2030 all but negated early Friday

  • The 10DMA and 38.2% Fibo, both 1.2079, initial resistance

  • To the downside Wed's 1.1877 significant low

  • 14-day momentum still reflecting the recent drop from 1.2330

  • While below 1.2163 daily trend res. risk is for new 2022 lows

  • The converging 21 and 30DMAs are tracking the line, today at 1.2150-57

    For more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!