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Oct 03 - 03:48 AM
GBP/USD - Daily Cloud Holds The Key As Indecision Bites
First appeared on eFXplus on Oct 03 - 02:25 AM
  • A more balanced market and price holding mid-cloud

  • Cloud parameters now 1.2227-1.2399 and tempted to play the extremes

  • 14-day momentum slumps below zero line, reflecting Tues-Wed price slides

  • On balance bear side stronger and fading 10DMA through cloud top favoured

  • Weeklies gives different message as a doji star highlights bear indecision

  • We stand aside for now but will monitor price on any rebounds









GBP/USD Trader:

GBP/USD Daily Ichimoku Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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