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Aug 15 - 11:55 AM

GBP/USD - Chart Bias Is Bullish While Daily Cloud Underpins

By Martin Miller  —  Aug 15 - 09:40 AM
  • Cable recently found support within the cloud that now spans 1.2698-1.2782

  • While the daily cloud remains intact, there is a good chance for a rise

  • We will likely see much bigger gains to the 1.3000 psychological level

  • However, bulls should be mindful of marginally negative 14-day momentum

  • GBP/USD Trader TGM2338. Previous update nL1N3K109Q

Source:
Refinitiv IFR Research/Market Commentary

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