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Thomson Reuters
Oct 09 - 06:12 AM
GBP/USD - Damage To The Bull Run, Cloud Top Seen Key
First appeared on eFXplus on Oct 09 - 04:00 AM
  • Bull side promising early Mon but close at 1.3093 put bear risk back on
  • Soft Tues open and price below 100DMA, 1.3105
  • Moving averages converging just above daily cloud, Bollis tightening
  • A cloud twist out to Oct 24, 1.2998, can't be ignored, could attract
  • Cloud top at 1.3013 seen key, break to confirm reversal to low 1.29s
  • Daily momentum negative and stochs turning over in o/b territory

GBP/USD Trader:

EUR/GBP Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Thomson Reuters IFR Markets

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