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Thomson Reuters
Dec 20 - 08:36 PM
GBP/USD - Trend Hangs In By Its Fingernails As USD Softens
First appeared on eFXplus on Dec 20 - 06:35 PM
  • Flat in Asia after closing +0.3% on broad USD weakness - downtrend stalled
  • Parliament goes into the break with little Brexit progress nL8N1YP39O
  • Downbeat BoE on the uncertainty surrounding Brexit nL8N1YP3NZ
  • Momentum studies edge higher daily & weekly 10 & 21 DMAs head south
  • Net bearish setup, but a break of the 1.2477 December low needed soon
  • A close above 1.2694 21 DMA would suggest a period of consolidation

gbp dec 21 Click here

Source:
Thomson Reuters IFR Markets

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