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Mar 04 - 03:55 AM

GBP/USD - FX Traders Looking For Breakout Clues

By Peter Stoneham  —  Mar 04 - 02:36 AM
  • Long upper and lower candle shadows highlight market indecision

  • Pullback from the 1.4240 trend high stalling badly but gains also laboured

  • Our 1.3895 long is in play but vulnerable to a bearish continuation pattern

  • Breakout risk from 1.3860-1.4006 s/t range skewed bear side

  • Bull trend resumption seen above 50% Fibo 1.4240-1.3860 at 1.4050

  • Weekly inverted hammer is struggling to draw bearish confirmation

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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