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Sep 14 - 06:55 AM

GBP/USD - Euro Posts A Key Day Reversal Versus Sterling

By Peter Stoneham  —  Sep 14 - 04:45 AM
  • Failure above both daily cloud and 100-day moving average Wed

  • Key day reversal signal: higher high, lower low and clse below previous low

  • Bearish confirmation Thurs needed to complete the signal

  • Opens below the cloud Thurs but range is tight

  • Fourteen day momentum remains positive but just off the zero line

  • We lean bearish and look for an opportunity to sell

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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