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Mar 15 - 03:55 AM

GBP/USD Bullish Threat As Sterling Consolidates Gains

By Peter Stoneham  —  Mar 15 - 03:05 AM
  • Sterling gains are stalling but pullbacks have been limited

  • Despite being very thin the daily cloud is proving tough to clear

  • By the same token the cloud base is supporting the market at 1.2144

  • We are maintaining a 1.2181 short play for 1.1920

  • The trade is at risk to a bullish continuation pattern playing out

  • Daily momentum readings on the rise but RSI flat lining

  • Tuesday's 1.2203 high initial resistance

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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