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Refinitiv
Nov 01 - 07:55 AM

GBP/USD - Range Trading Narrative Intact With Bullish Risk

By Peter Stoneham  —  Nov 01 - 06:35 AM
  • No change from the range trade narrative

  • Soft bias keeping price towards the middle of a 1.2039-1.2337 range

  • Fourteen day momentum close to neutral and daily RSI flat lining

  • Trigger points closer to market at 1.2070 and 1.2288

  • Tight weekly and monthly ranges hint at bearish fatigue

  • We are happy to wait for stronger signals

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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