By Peter Stoneham — Dec 03 - 02:00 AM
Clinging to its underlying bull trend but volatility clouding direction
Double day high 1.3341-42 in place and trend consolidation low 1.3284
Wed long lower candle shadow suggests demand is holding
However, a Dec 16 1.3079-86 cloud twist could drag on price
Weeklies set for fifth straight bull week but 14-wk positive momentum fading
Big levels, 1.3481 and 1.3516 standing over the market: we offer at 1.3475
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary