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Nov 16 - 01:55 PM

GBP/USD - Bears Might Have Missed Their Opportunity

By Christopher Romano  —  Nov 16 - 11:35 AM
  • GBP/USD trades to a 3-day high but reverses course and turns -ve

  • Daily RSI diverges on the high, inverted daily hammer candle forms

  • Price action suggests rally off the Nov. 12 low could be complete

  • Those looking to sell a larger rally might have missed their chance

  • Nov. 6 low (1.3094), daily cloud top (1.3079) are supports

  • Break below those supports likely sees bears target 1.2930/50 zone

  • For more click on FXBUZ






gbp/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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