Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 25 - 09:55 PM

GBP/USD - Oversold Short Term, But Downtrend Remains Strong

By Andrew M Spencer  —  Apr 25 - 07:55 PM

  • Steady after closing -0.75% amid broad based risk off U.S. dollar strength

  • Little domestic UK news, so risk appetite and the USD will likely lead

  • Charts; momentum studies, 5, 10 & 21 day moving averages head lower

  • 21 day Bollinger bands expand - Strong bearish trending setup

  • The lower 21 day Bollinger band is a good oversold indicator

  • Band comes in at 1.2810 suggests selling strength not breaks here

  • Close above 1.3026 21 day moving average would end downside bias

  • NY 1.2697-1.2753 range is initial support and resistance

    For more click on FXBUZ


gbp Apr 26 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!