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Jun 11 - 11:55 AM

GBP/USD - Indecision Within Ranges; Watch For The Breakout

By Peter Stoneham  —  Jun 11 - 09:45 AM
  • Market continues to churn within ranges, albeit with a new 1.4074 low

  • Price pivoting around converging 10 and 21DMAs, 1.4153-54

  • June 14 1.3914-47 cloud twist in play: could be exerting drag on the pound

  • Weekly action hints at bullish indecision

  • We lean bearish but range trading is clouding direction

  • Look to play the 1.4074-1.4250 range breakout

    For more click on FXBUZ















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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