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Apr 16 - 01:55 PM

GBP/USD - Bull Run Has Longs Facing Some Key Impediments

By Christopher Romano  —  Apr 16 - 11:41 AM
  • GBP/USD overnight drop stalls short of support near 1.3700/15

  • Pair reverses course & turns positive on the session

  • 30-DMA & trend-line off Feb 24 daily high, Apr 7 high are neared

  • Daily bullish engulfing candle forms & daily RSI rises further

  • Longs likely to reap further reward if 1.3825/40 zone breaks

  • Daily chart show little resistance until 1.3920 if break occurs

  • For more click on FXBUZ


gbp/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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