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May 02 - 03:55 AM

GBP/USD - Euro Fires A Warning Shot Across Sterling's Bows

By Peter Stoneham  —  May 02 - 01:35 AM
  • Still view the Monday-Tuesday gains as corrective but there is a warning

  • Monday's bullish Harami inside day real body candle points to reversal risk

  • The candlestick pattern needs bullish confirmation today to complete

  • The daily cloud base at 0.8809 could be pivotal resistance today

  • We remain short from 0.8860 with profits now locked in at 0.8795

  • We target 0.8735, just ahead of the 200DMA at 0.8725

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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