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Aug 29 - 02:55 AM

GBP/USD - Mixed Signals But Risk Remains Skewed To The Topside

By Peter Stoneham  —  Aug 29 - 02:25 AM
  • Wednesday's adjustment left a bearish harami on the candle chart

  • Daily RSI readings now below 70 but positive momentum is increasing

  • Early Thursday gains suggest the correction might be over

  • Our 1.3215 short just out of the money: at risk of a bull trend resumption

  • September 5 1.2829-32 cloud twist might begin to drag on price

  • Overall, risk looks to be skewed to the topside

  • GBP/USD trader TGM2338

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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