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Mar 23 - 04:55 AM

GBP/USD - Heavy But Bears Are Not Running With The Ball

By Peter Stoneham  —  Mar 23 - 03:18 AM
  • The market has stalled and short-term direction lost

  • Slight bear bias lacks momentum: while 55DMA supports rebound risk is high

  • 14-day momentum just clinging to negative readings close to zero line

  • Converging support points could become pivotal

  • 55DMA, 1.3808, rising daily cloud 1.3746 and 30DMA lower Bolli at 1.3766

  • Converging resistance too: 10, 21 and 30DMAs currently 1.3910, 16 and 28

  • Our 1.3925 long is a big figure off-side but the game is not over yet

    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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