Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Nov 16 - 04:55 AM

GBP/USD - Major Long-Term Resistance Comes Into Sight

By Peter Stoneham  —  Nov 16 - 03:05 AM
  • Long upper candle shadow Tues warned of demand fade

  • Softer start to the Wed session but won't write the bull run off just yet

  • Key resistance at 122.41, 200-DMA, remains a viable target

  • Last time GBP closed above the line was Sept. 15 2021

  • To the downside a cloud twist out to Dec. 5, 1.1131-69 could come into play

  • Cloud twists can appear to attract price

    For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!