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Refinitiv
Aug 12 - 11:55 AM

GBP/USD - EUR Better Bid Versus Sterling But Needs To Work Harder

By Peter Stoneham  —  Aug 12 - 10:00 AM
  • More convincing break higher in the cross but again with a long upper shadow

  • Price just nudged above the 61.8% Fibo of the 0.8585-0.8341 drop at 0.8492

  • A daily cloud twist value Aug. 17 at 0.8547-51 is in play

  • Cloud twists can appear to attract price

  • Daily momentum is negative but set top flip early next week

  • Daily RSI struggling to confirm the Thurs/Frid gain

  • We stand aside for now

    For more click on FXBUZ















Source:
Refinitiv IFR Research/Market Commentary

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