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Jun 24 - 07:24 AM
GBP/USD - Bulls Struggle In The High 1.27S, Bull Run At Risk
First appeared on eFXplus on Jun 24 - 05:20 AM
  • Strong wkly close but price struggles to make headway abv 1.2693 range high
  • Daily RSI warned of demand fade and early Monday a pullback from 1.2766
  • Daily momentum just positive but close to the zero line
  • 30DMA support at 1.2689 then converged 10 and 21DMAs at 1.2665
  • Narrowing Bolli bands hint at a fall in volatility and a possible big move
  • Will look for signs of reversal risk against the recent four-day rally

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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