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May 06 - 03:55 AM

GBP/USD - FX Traders Looking For The Next Directional Impulse

By Peter Stoneham  —  May 06 - 01:59 AM
  • Daily cloud twist met and risk returns to the downside

  • Tight ranges clouding direction: price stuck close to cloud top, 1.3903

  • As cloud thickens a close above could re-set the bullish bias

  • 14-day bull momentum is fading and RSI flat lining in neutral territory

  • Weekly gains are cancelling out previous week's long upper candle shadows

  • We remain long for 1.3995 with our stop at 1.3840 entry

    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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