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Nov 14 - 02:55 AM

GBP/USD - Risk Of A Bearish Resumption While Below Nov. 9 High

By Peter Stoneham  —  Nov 14 - 01:45 AM
  • Friday's small hammer/doji candle draws some bullish confirmation

  • Price back inside its daily Ichimoku cloud, base at 1.2250

  • Not a convincing break higher and we look for hints of a bearish resumption

  • Daily RSI is flat and neutral but 14-day momentum has pushed higher

  • Look for more of a squeeze above 1.2307, Nov. 9 high

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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