GBP/USD -28/11/2023-
∙ British Pound is also benefitting from weakening USD and falling yields
∙ Bullish trend intact as long as above the ascending trend line
∙ Bulls and bears are battling through the 1.2660-70 level (September 2020 low and August 2018 low)
∙ The above level needs to be cleared for further gains through 1.2850 (200 SMA) followed by the psychological level at 1.30 and 1.31 yearly high
∙ Bullish trend intact as long as above the ascending trend line
∙ Bulls and bears are battling through the 1.2660-70 level (September 2020 low and August 2018 low)
∙ The above level needs to be cleared for further gains through 1.2850 (200 SMA) followed by the psychological level at 1.30 and 1.31 yearly high
Ramzi Abou Abdallah, CFTe, CMT
Ramzi Abou Abdallah, CFTe, CMT
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