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May 04 - 06:55 AM

GBP/USD - Demonstrates The Power Of A Cloud Twist

By Peter Stoneham  —  May 04 - 04:45 AM
  • Power of a cloud twist highlighted by the pull from Frid's 1.3803 low

  • Ichimoku cloud twist value today 1.3881-95 and price straddles the pattern

  • We maintain a 1.3840 long for 1.3995 but air proving too thin above 1.3900

  • Long lower candle shadow offers bulls some hope but need close above cloud

  • 14-day momentum positive but beginning to fade: RSI remains neutral

  • Tues 1.3853 low initial supp: bigger level 1.3803, dble day low Apr 30-May 3

    For more click on FXBUZ

GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Refinitiv IFR Research/Market Commentary


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