Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 26 - 02:55 AM

GBP/USD - Close To Week's High But Indecision Noted

By Peter Stoneham  —  Jan 26 - 02:10 AM
  • Tues hammer candle into a constructive Wed and our 1.2390 offer met

  • Failure to close below the 10DMA a concern for our trade: 1.2336 today

  • Daily momentum finally reflecting the recent downturn in price

  • We still see risk to 1.2216, 38.2% Fibo off 1.1842-1.2447

  • The Jan 23 1.2447 high now pivotal resistance, our stop set tight above

  • Weeklies holding to a bull bias but indecision noted: stalling action

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!