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Aug 09 - 03:55 AM

GBP/USD - Bearish Pointers For The Euro Versus Sterling

By Peter Stoneham  —  Aug 09 - 02:40 AM
  • EUR/GBP struck a three-month high Thurs then turned lower on the session

  • Into the close and a three-session low recorded: and reversal signal

  • A key day reversal: Higher high, lower low, close below previous close

  • Daily RSI diverged on the high and a daily inverted hammer formed

  • Those are encouraging signs for our 0.8585 short play

  • Target adjusted to just above a 61.8% Fibo level, now 0.8480

  • EUR/GBP Trader TGM2343

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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