Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Dec 03 - 08:36 PM
GBP/USD - Bearish Outside Day Adds To The Negative Setup
First appeared on eFXplus on Dec 03 - 06:55 PM
  • Flat early after opening -0.2% with EUR/GBP +0.5% - Brexit uncertainty
  • PM May is vigorously selling her Brexit deal - odds are against nL8N1Y8213
  • Bearish outside day yesterday at the top of the 1.2660/1.2725 support zone
  • Momentum studies edge lower, 5, 10 & 21 DMAs fall - bearish setup
  • Close below 1.2650 would be needed for the bears to get excited
  • Turmoil and uncertainty if May loses the Dec 11th vote a potential catalyst

gbp dec 4 Click here

Source:
Thomson Reuters IFR Markets

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!