By Peter Stoneham — Nov 26 - 02:15 AM
New trend high just shy of 1.3400 and long lower candle shadow Wed
Candles suggest demand is holding despite stress on some indicators
14-day momentum struggling to confirm latest gain
Daily RSI and slow stochs nearing over bought levels
Sept-Dec 1.3481-1.3516 highs the targets but not before a pullback
We offer by 1.3475 for potential reversal
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary