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Thomson Reuters
Oct 03 - 06:12 AM
GBP/USD - Pivoting 55DMA Following Cloud Break, Tues Low Key
First appeared on eFXplus on Oct 03 - 04:25 AM
  • Marginal close inside the daily cloud Tues, 1.3010 plays 1.3013
  • Opens inside cloud but with bull bias Wed
  • Negative momentum reflecting Tues slide but stochs are attempting to lift
  • Risks a period of sideways action within the 1.3013-1.2902 cloud
  • 1.2941 Tues low seen pivotal for the Wed session
  • We offer by 1.3040 for eventual drop below 1.2900

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Source:
Thomson Reuters IFR Markets

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