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Feb 17 - 05:55 AM

GBP/USD - Not Close To Finishing This Trend Just Yet

By Peter Stoneham  —  Feb 17 - 04:14 AM
  • Failed to close above daily channel resistance but demand noted

  • Bullish momentum fading but long lower candle hints at fresh buying

  • However, daily RSI is looking top heavy in o/b territory adj risk

  • Risk of a deeper pullback but cheaper buy levels the result

  • New trend high, 1.3955, initial resistance: bigger prizes above 1.4

  • We await next signal before looking at a trade

    For more click on the links below.

GBP/USD Trader:

GBP/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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