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Sep 23 - 03:55 AM

GBP/USD - Maintains Bullish Outlook Despite Pullback Risk

By Peter Stoneham  —  Sep 23 - 02:05 AM
  • New 2024 high Friday and 1.3340 now initial resistance

  • Positive start Monday but daily RSI is diverging on the 1.3322 high

  • Early action too tight to draw any firm conclusions

  • However, corrective pullbacks the risk with 1.3260 a minimum adj level

  • Strong close last week added confirmation to a hammer the previous week

  • Bull bias holding but with pullback risk

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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