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Nov 10 - 11:55 AM

GBP/USD - Indecision And Mixed Signals Clouding Direction

By Peter Stoneham  —  Nov 10 - 09:43 AM
  • Long lower and upper daily candle shadows highlights market indecision

  • With potential for a recovery holding into the close, bulls just edge it

  • However, Monday's 1.3608 high still stands over the market

  • Daily cloud, 10DMA and a 50% Fibo also fighting bears' corner above 1.3600

  • 14-day momentum bearish but RSI neutral

  • Tough cable call but downside risk possibly the greater

    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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