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Thomson Reuters
Dec 03 - 06:12 AM
GBP/USD 10DMA A Thorn In Sterling's Side
First appeared on eFXplus on Dec 03 - 03:55 AM
  • 10DMA (1.28) continues to cause sterling problems on any recovery
  • Dailies choppy within ranges but bias remains bearish
  • Daily negative momentum increasing but stochs up sloping
  • Monthly bear trend maintained in November: trend res. At 1.3010
  • Falling tops on weekly chart also becoming more entrenched
  • Would look to exploit and fade up-ticks for 1.2662 2018 low

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