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Feb 09 - 06:55 AM

GBP/USD - Euro Facing An Up-Hill Struggle Versus Sterling

By Peter Stoneham  —  Feb 09 - 04:40 AM
  • Wednesday hammer candle playing out with a positive Thurs close

  • Early Friday gains keeping the recovery alive

  • Daily and weekly charts still lean bearish and we offer by 0.8565

  • However, some warning signs from long lower weekly shadows

  • Main resistance points at 0.8572 and 0.8591, 23.6% Fibo and 10WMA

  • Supports run n at 0.8513-17, recent lows

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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