Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 01 - 06:55 AM

GBP/USD - Eyes Last Fibo And Sub-1.2000 Levels

By Peter Stoneham  —  Jul 01 - 05:35 AM
  • Another leg lower and price eyes a 76.4% Fibo off 1.1934-1.2405 at 1.2045

  • Sub-1.20 levels calling as momentum holds negative and RSI finally confirms

  • Run back above converged 21-30 DMAs, 1.2275, needed to trigger a squeeze

  • Weekly bear trend strengthened by a potential key week

  • Usually a reversal signal but can also add confirmation to a trend

    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
!