Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Sep 16 - 08:55 AM

GBP/USD - This Is A Good Spot To Sell GBP/USD

By Jeremy Boulton  —  Sep 16 - 06:45 AM
  • GBP/USD rallying ahead expected dovish Fed statement

  • A Fed that's already expected to be dovish is likely priced in

  • Cable has 1.5% ahead the Fed statement and traders were long IMM/FX

  • Cable has reached the top of the daily Ichimoku cloud at 1.2958

  • Today's high 1.2962. It's a good spot to pick a top

  • 23.6% retrace of drop from 1.3481 to 1.2763 is 1.2932, 38.2% is 1.3037


GBP/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!