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Sep 14 - 03:55 AM

GBP/USD - Breakout Needed As Ranges Cloud Direction

By Peter Stoneham  —  Sep 14 - 02:05 AM
  • Choppy price action clouding short-term direction

  • Failure to hold breaks inside the daily cloud leans bearish

  • Cloud base currently at 1.3911 and cloud is falling

  • Former daily trend res. off 1.4250 June high now supp. at 1.3790

  • Friday-Monday range parameters key s/t levels: 1.3888-1.3797

  • Sideways bias with downside risk: we stand aside for now

    For more click on FXBUZ
















GBP/USD Trader:

GBP/USD daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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