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Refinitiv
Mar 07 - 02:55 AM

GBP/USD - Cloud Breached But Could Still Call The Shots

By Peter Stoneham  —  Mar 07 - 02:10 AM
  • Sterling finally recorded a close above the daily cloud

  • However, the cloud starts to fall away from today: points towards a twist

  • Mar. 11 twist has 1.2649-1.2663 parameters: could drag on further GBP gains

  • We offer ahead of the Wed 1.2661 high for a run back to the cloud

  • Momentum readings increasingly positive and RSI has some upside room

  • Our strategy is counter s/t trend and a tight stop set if our offer is met

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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