Derived Data That Drive Results
By Martin Miller — Oct 25 - 04:10 AM
GBP/USD bias on the downside, tenkan and kijun lines remain negative aligned
A break under the October 1.2039 low would lead to an even bigger drop
However, the long tail on last Friday's candle warns of a base
If there is a break above the October 11 2023 1.2337 high
Above 1.2337 would increase the likelihood that the base becomes permanent
GBP/USD Trader TGM2338. Previous update nL1N3BU0NY
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
