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Nov 18 - 02:55 AM

GBP/USD - Tired Rally Versus Cloud Twist; Thursday's Battle

By Peter Stoneham  —  Nov 18 - 01:46 AM
  • New trend high above 1.3500 but GBP beginning to look tired

  • Our long nicely on-side with profit locked

  • Close above 1.3500 sees stop raised again

  • Momentum readings remain negative and RSI has turned over

  • Pullback risk today, potential for a return to the 1.3460-70 area

  • Still hang hopes on a Nov 22 1.3660-72 cloud twist to attract

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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