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Apr 22 - 02:55 AM

GBP/USD - Channel Top Rejection Gives Bears A Chance

By Peter Stoneham  —  Apr 22 - 01:55 AM
  • Thursday's channel top rejection kept our 1.3060 short in play

  • Channel top today at 1.3088, 21-30DMAs just ahead at 1.3068

  • 14-day momentum remains negative and RSI neutral to falling

  • Initial support 1.2981, April 19 low

  • Tipping point at 1.2973, April 13 low

  • Set for back to back weekly Dojis, which suggest market indecision

    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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