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Jan 24 - 07:24 AM

GBP/USD - Set To Record Significant Bull Signal

By Peter Stoneham  —  Jan 24 - 06:00 AM
  • Potential EUR/GBP weekly bearish engulfing line a significant signal

  • UK data puts the final nail in our EUR/GBP 0.8455 long play

  • Our stop was at 0.8390 and post PMI low was 0.8390

  • Small rebound back to 0.8410 but bear risk remains while below cloud

  • A lower Bolli is at 0.8386 then little sup. until the 0.8278 Dec low

  • We now stand side, await next signal













EUR/GBP Trader:

EUR/GBP Daily Ichimoku Chart: Click here

EUR/GBP Weekly Candle Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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