Derived Data That Drive Results
By Peter Stoneham — Oct 08 - 01:45 AM
Five straight bearish sessions for sterling
Studies have room to go lower but the daily cloud is supporting
Tempted to take a counter trend long but will wait for a stronger signal
The Ichimoku cloud top is at 1.3070 and has held the market since Aug. 8
Monday's low just below at 1.3060 then a 50% Fibo at 1.3050
Key support at 1.3003, Sept. 11 low
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Source:
Refinitiv IFR Research/Market Commentary
