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Thomson Reuters
Oct 23 - 09:48 PM
GBP/USD - Pivotal Meeting For May - 1.2900 Looks Vulnerable
First appeared on eFXplus on Oct 23 - 07:45 PM
  • Flat this morning after closing +0.1%, but a 5th lower daily high & low
  • May has a crunch meeting with the "1922 Committee" today nL8N1X36GK
  • Momentum studies edge lower, 5, 10 & 21 DMAs head south - negative setup
  • Targets a test of 1.2904/22, October low & 61.8% August/September rise
  • Close above falling 1.3085 10 DMA needed to undermine downside bias
  • Early London 1.2937 low & NY 1.3044 high initial support/resistance

gbp oct 24 Click here

Source:
Thomson Reuters IFR Markets

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