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Nov 13 - 05:00 AM
GBP/USD - Holding Higher Ground But Bid Looks Tentative
First appeared on eFXplus on Nov 13 - 03:00 AM
  • Price trying to hold the high ground but not convincingly so

  • Indecision still frustrating direction and price stuck just below 10-21DMAs

  • Converging 10-21DMAs at 1.2865-75 daily tenkan at 1.2871

  • Mon's 1.2896 high presents a fade opportunity for sub-1.2800 levels

  • Weekly cloud base at 1.2916 still the major resistance despite being thin

  • The 55WMA provides initial key support at 1.2746

GBP/USD Trader:

GBP/USD Daily Candle Chart: Click here

GBP/USD Weekly Ichimoku Chart: Click here

Refinitiv IFR Research/Market Commentary


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