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Jun 10 - 02:55 AM

GBP/USD - Breakout With Reversal Signals Friday

By Peter Stoneham  —  Jun 10 - 01:30 AM
  • Friday's downside breakout putting the dollar in control early Monday

  • A bearish engulfing candle and a key day reversal Friday

  • Initial support at recent daily lows, 1.2681 and 1.2676

  • Fourteen day momentum set to flip negative today

  • Daily RSI is falling away from last week's 54.67 peak

  • A June 26 1.2561-81 cloud twist now in play too

  • Remove d our 1.2890 offer: will re-set strategy once new signals emerge

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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