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Jun 21 - 11:55 PM

GBP/USD - Pressed Back Under A Thickening Cloud Before Powell

By Ewen Chew  —  Jun 21 - 10:14 PM
  • GBP/USD shorts encouraged as it turns around before 100 DMA 1.3943

  • Daily Ichimoku Cloud resistance thickens, adds bearish pressure

  • Cloud will keep GBP/USD inside Bollinger dowtnrend channel

  • Ceiling of channel descends to 1.3975, protecting 1.4000 barrier

  • USD firming up again before Fed chief's testimony to Congress later

  • Powell's prepared remarks point out notable inflation nN9N2M1016

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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