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Oct 31 - 05:55 AM

GBP/USD - Bullish Advantage But Lacks Momentum

By Peter Stoneham  —  Oct 31 - 04:05 AM
  • Constructive daily chart but lacking momentum

  • Fourteen day momentum remains negative and RSI flat and neutral

  • Risk the market pans out sideways through Nov

  • Daily trend supp-res lines converge in Dec. at 1.2122

  • Long lower candle shadows highlight the bullish advantage

  • The key trigger levels remain at 1.2039 and 1.2288

  • We lean bullish but need stronger signals before trading

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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