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Jun 28 - 06:55 AM

GBP/USD - FX Traders Looking For A Breakout

By Peter Stoneham  —  Jun 28 - 04:35 AM
  • Sideways price action limiting direction calls

  • Breakout levels are at 1.2163 and 1.2330, recent range extremes

  • Daily momentum remains negative: pressure from longer-term bear bias noted

  • A falling daily Ichimoku cloud adds to the downside risk

  • On balance there is scope for a run back below 1.2000

  • However, tight trading conditions might save the pound in the near-term

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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