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Dec 05 - 02:55 AM

GBP/USD - Corrective Risk But May High A Viable Bull Target

By Peter Stoneham  —  Dec 05 - 02:30 AM
  • Downside cloud twist now out of the equation; failed to have much influence

  • Price sat between the 200DMA, 1.2145, and upper daily Bolli line, 1.2357

  • The week ahead could see the 10DMA cross above the 200DMA, a bull cross

  • Weekly action positively trending but could do with an adj

  • Longer-term chart targets the 1.2660-65 area from May 2022

  • We are side lined looking any sign of a pullback to keep the trend healthy

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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