By Peter Stoneham — Nov 23 - 02:35 AM
Nov 11 1.3322 high bettered and pattern of falling tops negated
Early Sep highs at 1.3360 the next level then key 1.3481 2020 high
Some o/b stress and momentum divergence noted: RSI near extremes
Increasing pullback risk and potential for better buy levels
Nov 19 hammer low could be pivotal and attract bargain hunters
Note, 1.3079-86 Dec 16 cloud twist also in the pullback mix
GBP/USD Trader:
GBP/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary