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Thomson Reuters
Oct 26 - 07:24 AM
GBP/USD - Dailies Stall But Weeklies Significantly Bearish
First appeared on eFXplus on Oct 26 - 04:55 AM
  • Below lower 30DMA Bolli hinting at adjustment risk on dailies
  • Weeklies significantly bearish and target Jun and 2018 1.2662 lows
  • Still heavily bear biased and any pullback to provide better sell levels
  • Could fade the daily Bolli, 1.2855, but might be too close to market
  • Offer ahead of the daily cloud base, 1.2979, more viable
  • Daily stochs not confirming latest drop and bear momentum has slowed

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