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Feb 04 - 05:00 AM

GBP/USD - REFILE-BUZZ-Sterling On The Brexit Rack Once Again

By Peter Stoneham  —  Feb 04 - 03:05 AM

Adds EUR/GBP to first bullet

  • EUR/GBP bulls in control and look to exploit Mon's bullish engulfing candle

  • Candle needs confirmation today and a flip to positive on daily momentum

  • RSI beginning to diverge a worry and suggests latest rally lacks punch

  • Fading 0.8553 Jan 20 high an option with a stop above the 0.8595 2020 high

  • Potential for a weekly bullish engulfing line too

  • Wewill await to see how the signals pan out













EUR/GBP Trader:

EUR/GBP Weekly Chart: Click here

EUR/GBP Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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