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Thomson Reuters
Apr 30 - 03:48 AM
GBP/USD - Bulls' Advantage Fragile While Below 200DMA
First appeared on eFXplus on Apr 30 - 02:00 AM
  • Bid holding but price just shy of the 100-200DMAs at 1.2961
  • 10DMA at market,1.2940, and stalling the advance
  • Tight ranges now clouding direction and positive not convincing
  • 200DMA pivotal this session but cloud base-Apr 23 high at 1.3025-19 key l/t
  • We offer by 1.3077 but might need to rein that in if the 200DMA rejects
  • 1.3077 is the May 2 to 28 cloud base and May 28 cloud twist

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