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Thomson Reuters
Sep 28 - 05:00 AM
GBP/USD - Tough Call But On Balance A Sell For Cloud Base
First appeared on eFXplus on Sep 28 - 02:55 AM
  • Hard call on sterling as it swings from cloud to bolli band
  • Price pivoting the 100DMA, currently 1.3136
  • Daily cloud top and 21DMA at 1.3054 and 1.3052
  • Converged 30 and 55DMAs just behind at 1.2997-1.3005
  • Long upper wicks on weeklies suggest a top in place at 1.3295
  • On balance still favour the short side and a drop to cloud base, 1.2870

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Source:
Thomson Reuters IFR Markets

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