GBP-USD Biased Higher Despite Hesitation:
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (fxtechstrategy.com) - Although GBP-USD backed off higher prices to close lower on Thursday, we continue to maintain our upside outlook. This suggests that GBP should eventually return above the 1.5882 to 1.5885 range.
This will pave the way for further strength toward the November high of 1.6074. Its daily RSI is bullish and pointing higher suggesting further strength.
...
Comments