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Nov 22 - 03:55 AM

GBP/USD - Downside Risk Is Building; Nov 11 Low Seen Pivotal

By Peter Stoneham  —  Nov 22 - 02:35 AM
  • Not a strong move lower but while below 1.1900 the risk is building

  • Key support for Tues at 1.1785, the 10DMA

  • A short-term trend resistance line is at 1.1920, we might consider a fade

  • A 38.2% Fibo retrace off 1.1150-1.2026 comes at 1.1691

  • A drop under 1.1651, Nov. 11 low, could trigger an acceleration lower

  • Dec. 5 1.1131-69 cloud twist now very much in play

    for more click on FXBUZ
















Source:
Refinitiv IFR Research/Market Commentary

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