GBP/USD: Clean break below 21DMA could open room for further downside – OCBC GBPUSD Banks
GBP/USD stays relatively quiet at around 1.2150. A break below here could open room for further losses, economists at OCBC Bank report“Daily momentum is mild bearish while RSI is flat.”
“Bearish divergence on MACD and rising wedge pattern continue to caution for pullback play lower in the near term.”“Support here at 1.2150 , 1.21 , 1.2050 .” “Resistance at 1.2450 .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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