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Sep 21 - 07:55 AM

GBP/USD - Has Room To Go Lower But Could See 1.14 First

By Peter Stoneham  —  Sep 21 - 07:05 AM
  • A new 37-year low of 1.1304 but RSI is off its recent o/s low point

  • 14-day negative momentum also showing little sign of stress

  • Still view the 10DMA as a critical squeeze point, today at 1.1485

  • Downside: daily-weekly lower Bolli bands provide supports, 1.1258-1.1226

  • We respect the bear trend but see risk of small rebounds

  • We may consider fading a bounce to 1.1400 but stand aside for now

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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