Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 24 - 10:55 AM

BofA: Chart: A Tactical Sell Signal into GBP/USD Trend Line Resistance

By eFXdata  —  May 24 - 09:23 AM

Bank of America Global Research flags a tactical sell signal for GBP/USD into month-end. 

"A tactical sell signal near trend line resistance at 1.28.15-1.2800 suggest GBP/USD dips into month end.

Six of the last seven signals shown below alined with trend changes which means if a turn down ends May, it could persist into mid-June. Note the last high was in March at 1.2894," BofA notes.


BofA Global Research


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved