SPOT GBPUSD - signals pointing lower
Immediate signals for sentiment are not strong as the oscillation around the 13 day mvg avg continued Monday. Friday’s minor net gains were reversed but the resulting downside was not deep enough to break below the 13 day mvg avg. This price action means intraday studies are weak but our intraday technical studies are assessed as mildly negative. Therefore, with caution, this morning’s call is a Sell but leaving room to Sell any Rally to 1.2967, yesterday's high. The risk is last week's 1.2996 high with an immediate target of 1.2905, Friday’s low. A move through that point then exposes sentiment to 1.2872, the 100 day mvg avg, and 1.2852, Thursday’s bottom.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.