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Sep 19 - 05:55 AM

GBP/USD - REFILE-BUZZ-GBP/USD Targets 1.3324 Fibo While Above The 10-Day Average

By Peter Stoneham  —  Sep 19 - 05:25 AM

Change yto headline and fifth bullet

  • Support at the 10-day moving average, 1.3144, has held strong this week

  • Wed and early Thurs volatility gives way to steady sterling gains

  • Daily momentum and RSI confirming the rally to 1.3282

  • Initial resistance at 1.3298, Wed high

  • A 76.4% Fibo off 1.4250-1.0327 a bull target at 1.3324

  • All bull bets off below 1.3000

  • We lean bullish but look for better buying opportunities

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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