Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 21 - 11:55 AM

GBP/USD - Swift Reversal Leaves Fibonacci Level Intact

By Peter Stoneham  —  Mar 21 - 10:00 AM
  • Big swing back to the downside, leaving a 61.8% Fibo intact

  • Fibo off the 1.2893-1.2668 drop is at 1.2807

  • Momentum and RSI readings are confirming the reversal

  • The Tues-Wed hammer signal (bullish) is being negated

  • Risk of a bearish resumption and return to the daily cloud

  • Tues 1.2668 low just ahead of the cloud top at 1.2663

  • We stand aside for now

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!