Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 23 - 06:55 AM

GBP/USD - Charts Look Ominous For Sterling As Dollar Bites Back

By Peter Stoneham  —  Jun 23 - 04:45 AM
  • Wed's rebound and long lower candle shadow count for little

  • Early Thurs and price slides to 1.2173 from 1.2314 Wed high

  • Consolidation since Jun 17 killed off the sharp two day gain from Jun 15-16

  • 14-day momentum has remained negative since Jun 10 despite the rally

  • A 50% Fibo also removed at 1.2177, off 1.1934-1.2405

  • Next retrace level at 1.2114

  • We lean bearish but look for stronger signals or a range break

    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
© 2022 eFXdata · All Rights Reserved
!