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Dec 27 - 06:12 AM
GBP/USD - It's Vital That GBP/USD Traders Watch 55-DMA
First appeared on eFXplus on Dec 27 - 04:15 AM
  • GBP/USD dropped 4.5% 1.3516-1.2900. Trades below but closed over 55-DMA

  • 55-DMA now 1.2653 is rising. Potentially pushing up support

  • Since false break below 55-DMA GBP/USD ranges have risen above it

  • Performance around 55-DMA should encourage buyers. Move into longs

  • GBP/USD traders have no bias now on pound, neutrally positioned IMM/FX

  • Close over 21-DMA @ 1.3081 needed to add to evolving bullish situation
















GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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