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Thomson Reuters
Sep 12 - 09:48 PM
GBP/USD - Outlook Bullish, But Danger Remains
First appeared on eFXplus on Sep 12 - 08:10 PM
  • GBP/USD opens Thursday 0.1% higher on general USD weakness
  • S/t MAs and momentum studies mostly bullish, but slow stochs may crest
  • 3rd daily close above the 55 DMA, but so far no acceleration higher seen
  • Initial resistance at this week's highs of 1.3083/87
  • Support at the 10 DMA at 1.2959, close below suggests further consolidation
  • Brexit rebels pledge loyalty to May after talk of a plot nL5N1VY10O

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