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Sep 28 - 01:55 PM

GBP/USD - Rally Sellers Likely Have To Lower Offers

By Christopher Romano  —  Sep 28 - 11:41 AM
  • GBP/USD briefly rallied above the 10-DMA in overnight trading but stalled

  • A reversal took hold and GBP/USD broke below the t-l off the July 20 low

  • Falling daily, monthly RSIs imply downside momentum is growing

  • Investors looking to sell near 1.3750 didn't get the chance to do so

  • Rally sellers likely lowering offers to 1.3575/95, 1.3605/15 zones

  • A test of key support in the 1.3440/60 region looks highly probable

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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