By Peter Stoneham — Dec 08 - 02:05 AM
Wild price swings since putting in a 1.3540 top Friday
Severe damage to the underlying bull trend Monday: offered into Tuesday
Long upper and lower shadows are hinting at market indecision
Mon's hammer candle, not trend changing, but could still prove significant
However, with 1.3079-86 cloud twist on the horizon the trend could weaken
Key support today, 1.3225, 30DMA and Monday's low
GBP/USD Trader:
GBP/USD daily Ichimoku chart: Click here
Source:
Refinitiv IFR Research/Market Commentary