Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
!