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Refinitiv
Apr 25 - 08:55 AM

GBP/USD - Pullback Risk Following Run Above 1.2520

By Peter Stoneham  —  Apr 25 - 07:00 AM
  • Sterling stalling just ahead of Fibo levels, 1.2526-28

  • We have squared our 1.2395 long for just over a percent profit

  • Weekly action shows a topside cloud breach, reinforcing bullish potential

  • However, there is increasing corrective pullback risk

  • A bid left by the 1.2415 hourly cloud top

  • Negative daily momentum has now faded and RSI is rising

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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