Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 29 - 02:36 AM

GBP/USD - Bears Fail To Drive Home The Advantage

By Peter Stoneham  —  May 28 - 02:35 AM
  • Our 1.2310 short a no cost trade following Wed 1.2263 close

  • Daily cloud base frustrating the trade at 1.2239: below Wed but clsd inside

  • Risk price pans out sideways to the 1.2307-1.2330 June 4 cloud twist

  • 14-day momentum remains negative but RSI not confirming weakness

  • For Thurs the daily cloud extremes likely key: 1.2239-1.2307

  • Weeklies are constructive but long upper shadows erode the bias












GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!