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Thomson Reuters
Nov 01 - 05:00 AM
GBP/USD - Major Trend Shake Up, Close On The Week Now Key
First appeared on eFXplus on Nov 01 - 03:00 AM
  • Nearly caught the base with our Wednesday 1.2730 long play
  • Strong gains to 1.2869 sees stop raised to profit and target adjusted
  • Obj now ahead of daily cloud base 1.2979 and 1.2978 50% Fibo 1.3259-1.2697
  • Initial hurdle now 10DMA at 1.2870 then daily Tenkan at 1.2894
  • Potential for a weekly hammer and bullish harami
  • Close above 1.2827 on the week to strengthen trend reversal call

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