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Sep 17 - 04:55 AM

GBP/USD - Baulking Ahead Of Resistance And Studies Are Mixed

By Peter Stoneham  —  Sep 17 - 03:30 AM
  • Rally off Sept. 11 1.3000 low stalling ahead of the 1.3238 Sept. 6 high

  • Momentum studies are neutral, RSI falling and slow stochs sharply higher

  • A Sept. 20 1.2829-30 cloud twist could drag on sterling

  • While below 1.3269, Aug. 27 and 2024 high risk is skewed to the downside

  • Studies are mixed, stalling seen and big levels close by

  • We lean slightly bearish and will monitor price action at 1.3238

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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