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Sep 19 - 06:55 AM

GBP/USD - Chart Remains Very Negative, Expect New 37-Year Lows

By Martin Miller  —  Sep 19 - 05:00 AM
  • GBP/USD downside risk grows, expect a bigger dive in coming sessions

  • Likely to fall under Friday's 1.1351 new 37-year Refinitiv data low

  • Scope is for a drop to the 30-day lower bollinger-band, now at 1.1257

  • 14-day momentum remains positive, reinforcing the overall bearish market

  • Negative alignment of 10 and 30-DMAs are also pointing to a big cable drop

  • GBP/USD Trader TGM2338

Refinitiv IFR Research/Market Commentary


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