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Oct 16 - 06:55 AM

GBP/USD - Bulls At The Mercy Of The Close And 200WMA

By Peter Stoneham  —  Oct 16 - 04:35 AM
  • Mixed signals for GBP and a chance price could idle in to the w/e

  • On balance downside risk with bearish impulses being the larger

  • Positive momentum fading fast but RSI points north

  • Oct 27 1.2981-85 cloud twist also in the bulls' arsenal

  • Cloud base-10DMA stand over price at 1.2960: kinsen line supp. at 1.2880

  • Need to watch the weekly close and the 200WMA, currently 1.2940















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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