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Sep 22 - 01:55 PM

GBP/USD - Signs Emerge That Favor Longs

By Christopher Romano  —  Sep 22 - 12:26 PM
  • GBP/USD breaks below the bear pennant base, hits a 22-session low

  • Bounce ensues & the pair turns +ve on the session, RSI diverges

  • A daily long legged doji candle forms; s-t bull signals emerge

  • The pennant break appears to have been a false break for now

  • Daily signals suggest risk of a short squeeze grow but Fed risk looms

  • Break of 1.3690/00 resistance could drive recent shorts to cover positions

  • For more click on FXBUZ



gbpusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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