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Nov 27 - 03:55 AM

GBP/USD - Major Bull Targets The Prize But Patience Needed

By Peter Stoneham  —  Nov 27 - 02:10 AM
  • Market looks set to idle into the weekend with bull continuation potential

  • Uptrend from Nov 12 could benefit from a period of gain consolidation

  • New trend high Thurs at 1.3399: 30DMA upper Bolli above at 1.3439

  • Big levels-targets at 1.3481 and 1.3516, 2020 high and Dec 2019 peak

  • Thurs 1.3322 low potential tipping point but backed by 10DMA at 1.3307

  • Weekly action strong and monthlies break clear inside Ichimoku cloud

  • We offer by 1.3475 for a 1.3481 rejection: tight stop likely
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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