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Refinitiv
Jun 26 - 02:55 AM

GBP/USD - Market Indecision Just Below 1.2700

By Peter Stoneham  —  Jun 26 - 01:40 AM
  • A Tuesday doji candle and failure to close above 10DMA

  • No preceding bull trend to reverse but still count as bearish signals

  • Could also be some pull from today's 1.2561-81 cloud twist

  • Fourteen day momentum remains negative and RSI flat lining

  • Initial key support at 1.2643, the 100-DMA

  • Market above the 100DMA since May 15 upside break

  • We offer by 1.2703 for a bearish resumption

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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