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Thomson Reuters
Apr 05 - 03:48 AM
GBP/USD - Bulls Struggle Above 30DMA But Cloud Offers Hope
First appeared on eFXplus on Apr 05 - 02:05 AM

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  • Pattern of Brexit driven rally fades continues: Close above 30DMA elusive
  • However, Thurs slide from 1.3192 found bids just inside the daily cloud
  • Thickness and direction of the cloud frustrating bears
  • Daily momentum remains bearish and stochs not confirming latest rebound
  • Mired in volatile ranges but underlying advantage with the bears
  • Selling strength to 1.3200 with a tight 1.3230 stop favoured

GBP/USD Daily Ichimoku Chart: Click here

GBP/USD Trader

Source:
Thomson Reuters IFR Markets

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