Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 18 - 03:55 AM

GBP/USD A New Retracement Low But Sterling Finds Bids

By Peter Stoneham  —  Mar 18 - 03:00 AM
  • Sterling's retracement of the 1.2518-1.2893 climb continues

  • The 50% Fibo of that move is at 1.2706

  • A new pullback low of 1.2725 early Monday but price sticky around 1.2735

  • Daily momentum hovering just above the zero line and RSI falling

  • We are maintaining a 1.2773 short for 1.2650 with a 1.2835 stop

  • Drop under 1.2706 sees stop lowered to entry

  • Topside and 10 DMA key, today at 1.2770

    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
!