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Jun 14 - 05:00 AM
GBP/USD - Weeklies Shine A Light Through The Fog
First appeared on eFXplus on Jun 14 - 03:05 AM
  • As daily action gets bogged down in tight ranges the weeklies show the way
  • Longer-term bear bias defined by a line off the April 2018 highs
  • The trend resistance currently coming in at 1.3108
  • A thick and falling weekly cloud also stacking the odds in favour of bears
  • Scope to 1.2409 l/t but 1.2560 May 31 hammer low key support
  • Daily bear momentum, falling RSI, bears eye 1.2653 range base at 1.2653

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