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Sep 27 - 06:55 AM

GBP/USD - Pattern Hints At Return To Low 1.36S

By Peter Stoneham  —  Sep 27 - 04:47 AM
  • A pattern of weaker recoveries, last being 1% off Sept 22 1.3610 low

  • Pattern could warn of a fresh fall in GBP from 1.3750 Sept 23 recovery high

  • Pattern hints at a 1.0% pullback to 1.3612 before next recovery

  • The pattern also shows a series of higher significant lows, bullish

  • An Oct 8 1.3779-88 cloud twist also fighting the bulls' corner

  • Key levels 1.3610 and 1.3750: We stand aside for now

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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