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May 21 - 03:55 AM

GBP/USD - Cloud Support Drops But Bid Is Holding

By Peter Stoneham  —  May 21 - 02:20 AM
  • Bullish cloud break holding and our short is in trouble

  • Daily cloud top is falling away sharply, removing support

  • However, a bid is holding early Tues, just below the 1.2725 Mon high

  • Slight fade in daily bull momentum and RSI is flat lining in o/b territory

  • Sterling looks bullish while above 1.2646-50, Frid low and daily cloud top

  • We will maintain our 1.2684 short for now

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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